Location: New York, NY, USA.
Based on news reporting.
JP Morgan Chase Bank has laid off approximately 500 employees as part of a restructuring effort, coinciding with plans to hire thousands in other areas. The layoffs occurred in early October 2023, primarily affecting roles in operational and administrative functions. Despite the job cuts, the bank is focusing on expanding its workforce in technology and client-facing positions, indicating a strategic shift in its operational priorities. This move reflects the bank's ongoing adjustments to meet evolving market demands while balancing workforce needs across different sectors.
JPMorgan Chase & Co. cut 500 jobs as of October 1, 2023.
That is roughly 0.2% of the 316,043 people JPMorgan Chase & Co. employs.
LayoffTalk has tracked 55 layoff events at JPMorgan Chase & Co. since October 2023, affecting a combined 11,121 employees.
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