NEW YORK (MarketWatch) -- J.P. Morgan Chase & Co. JPM, -0.21% said it will cut a net 5,000 jobs in 2014. Chief Financial Officer Marianne Lake said Tuesday that the bank plans to cut 8,000 jobs from the consumer bank, while adding some 3,000 in risk controls. Lake gave few details on the consumer banking cuts, though last year J.P. Morgan trimmed workers from its branches as new technology made human employees less necessary. The bank has also been cutting jobs from its mortgage unit, though that's partly because those portfolios are improving and the bank doesn't need as many workers to wade through troubled loans. Hiring additional risk managers is a trend common throughout the industry, where banks are beefing up risk management in order to navigate new regulations. Cutting 5,000 jobs amounts to cutting about 2% of J.P. Morgan's workforce, which stood at around 251,200 at the end of 2013. The bank cut about 7,600 jobs, or 3% of its workforce, in 2013.