JPMorgan Chase Announces Layoffs Affecting Fewer Than 1,000 Employees

The bank plans additional job cuts throughout 2025 while continuing to hire for thousands of open positions.

JPMorgan Chase began notifying employees of layoffs last week, with fewer than 1,000 workers affected in February.
The bank plans additional rounds of layoffs in March, May, June, August, and September, according to reports.
JPMorgan Chase stated that the layoffs are part of its routine business management and that it aims to redeploy impacted employees where possible.
Despite the layoffs, the company continues to hire, with approximately 14,000 open positions currently available across various roles.
JPMorgan Chase ended 2024 with over 317,000 employees and reported strong financial performance, including a 50% year-over-year increase in quarterly net income.