[about 1000 employees will lose their jobs after JPMorgan Chase buys first Republic Bank] JPMorgan Chase informed about 1000 first Republic employees on Thursday that they would not keep their jobs after the acquisition of the failed bank. JPMorgan offered full-time or transitional positions to nearly 85 per cent of first Republic's nearly 7000 employees who were still working, while the rest were told they would not get a job offer, according to a person familiar with the matter. Depending on the position, the duration of temporary work will be 3 months, 6 months, 9 months or 12 months, according to people familiar with the matter.