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Report: JPMorgan Chase to close center at Syracuse University

JPMorgan Chase is planning to close the technology center it opened at Syracuse University, Syracuse.com reported Friday.

The closure would eliminate 91 jobs, including 55 full-time positions, and included in the 91 jobs are 36 student internships, according to Syracuse.com. The internships are planned to end at the end of May, bank spokesman Erich Timmerman told Syracuse.com.

In 2007, JPMorgan Chase and SU launched a partnership to help students aspiring to technology careers. The 10-year, $30 million partnership helped launch a new Global Enterprise Curriculum as well as a training program. In October 2009, the two organizations opened the JPMorgan Chase Technology Center to have SU students and faculty members work with bank employees to conduct research and run global technology operations.

The JPMorgan Chase Technology Center in Lyman Hall will shut down on June 30. The move is part of JPMorgan Chase’s efforts to centralize its “cyber-related functions,” Syracuse.com reported. The center was originally planned to be built near the Carrier Dome, but it was decided to have it in Lyman Hall instead.

JPMorgan Chase is the largest bank in the U.S. and has 11 branch offices in Onondaga County.



Timmerman told Syracuse.com that JPMorgan Chase plans to continue recruiting talent from the university.





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