On Monday, May 12, JPMorgan chief executive James Dimon stated that about three-fourths of hiring decisions have already been made.
JPMorgan will cut job positions to make room for talent coming in from Bear, making the net increase for JPMorgan approximately 3,000 hires.
Dimon also remarked that he has secured positions for an additional 1,500 Bear employees with other firms, according to reports.
Most of those not offered jobs were engaged in operations and technology positions.
The merger, expected to be completed by June 1, has been in the public spotlight since March 16, when JPMorgan purchased the Bear Stearns Cos. for $10 per share.