JPMorgan Chase is slimming its ranks of tellers — not that they’ll be missed.
The largest US bank by assets is planning to lay off about 5,000 employees by the end of next year, many of them tellers, in what could be the lowest number of employee reductions in two years, according to a person familiar with the matter.
The bank plans on cutting at least one teller per branch by the end of 2016 — “mostly by attrition,” Jamie Dimon, the bank’s CEO, said in a Wednesday conference.
JPMorgan has about 5,600 consumer branches, according to its annual report.
Other layoffs will be among employees in operations and mortgage brokering, a person familiar with the plans told The Post.
But the bank hasn’t ruled out adding more people in commercial banking, asset management and compliance, the person added.
The plan is part of a larger push by consumer banking CEO Gordon Smith to install more than 13,000 ATMs and rely on mobile banking — cheaper alternatives for the lender.
The shift makes economic sense for the bank, which spends 65 cents per deposit done with a teller — and only 8 cents per ATM deposit and 3 cents on deposits done via its mobile app, according to a presentation by Smith in February.
A Thursday visit to a Chase branch in Midtown by a Post reporter showed at least four employees with seemingly nothing to do, although the five tellers were each handling one customer. There was a one-person line.
The bank has cut its workforce significantly over the last two years, to about 241,000 at the end of March from about 260,000 in 2013, according to regulatory filings.
The Wall Street Journal first reported the planned number of cuts.
Shares for the company ended the day down 27 cents, to $66.20.
Joseph Evangelisti, a JPMorgan spokesman, declined to comment.