US banking giant JPMorgan Chase & Co. will cut about 5,000 jobs over the next year as it slims down its operations, The Wall Street Journal reported Thursday.The goal is to cut two percent of the workforce, which was 241,145 employees at the end of December. Last year, JPMorgan slashed nearly 8,000 jobs, mainly in the mortgage loan business.The bank, contacted by AFP, declined to comment.The job cuts are part of the bank's plan, announced in February, to slash expenses in its corporate and investment banking and consumer and community banking operations.It aims to reduce annual expenses to $57 billion this year, compared with $58.4 billion in 2014.About $2 billion of that is to come from cost-cutting in retail banking, with the bank planning to close 300 of its 5,570 branches by the end of 2016. At the same time, it is boosting investment in online banking and digital technology.JPMorgan, like other big banks deemed systemically important by US regulators, is paring costs to meet requirements for bigger capital cushions to offset risks to the financial system.The bank is considering asset sales to raise additional capital funds, one of the sources said Thursday.