KPMG Cuts About 360 Jobs; JPMorgan Files for 63 in Jersey City

Lede

Financials firms reported several workforce reductions during August 24–25, 2026, including a large staff action at KPMG and a New Jersey WARN filing from JPMorgan Chase & Co. The notices and press reports outline planned job cuts and formal WARN disclosures across the sector.

Reported layoffs

• KPMG — 360 (global)

  • KPMG announced a substantial staff reduction tied to an audit-leak scandal that will cut roughly 360 positions worldwide, according to reporting by aapnews.aap.com.au and SMH.com.au. The coverage states the reductions affect about 5% of staff, with about 350 non‑partner roles targeted in an internal "tap and go" process, and that the firm has also moved to reduce partner ranks and implement pay changes.

• JPMorgan Chase & Co. — 63 (Jersey City, New Jersey)

  • JPMorgan Chase & Co. filed a WARN notice with New Jersey regulators disclosing plans to eliminate 63 positions at its Jersey City location, with reductions beginning on August 19 and continuing through November 15, per reporting by Yahoo Finance and The Times of India. The filing was described as the fifth WARN this year for the bank's Jersey City facility, bringing cumulative announced reductions there to 541 positions in 2026.

• Fannie Mae — 12 (Washington, D.C. office)

  • Fannie Mae eliminated roughly 12 staff last week, including executives in multifamily lending, low‑income housing tax credit investments, finance, regulatory and communications roles, according to reporting by HousingWire, The Atlantic and Bisnow. The Federal Housing Finance Agency attributed the reductions to new technology solutions and efficiency efforts in statements cited by the coverage.

• Wells Fargo & Company — 14 (West Des Moines, IA)

  • A WARN filing on the Iowa WARN website and reporting by AOL.com, newsradio 1040 WHO and The Des Moines Register indicate Wells Fargo & Company plans to lay off 14 workers at its West Des Moines campus effective October 17, 2026. The notices state that, including this action, a total of 322 Wells Fargo employees in the Des Moines metro have been let go so far this year.
  • A separate report attributed to newsradio 1040 WHO likewise lists an additional 14 layoffs at the same West Des Moines site, consistent with the WARN notice.

Closing

The August 24–25 reports document a mix of formal WARN filings and company announcements within the Financials sector, totaling 463 employees affected across the included records. The filings and press reports specify locations, timelines, and the number of roles impacted for each disclosed action.