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REPORTED · NEWSPublished Dec 28, 2025

JPMorgan Announces Layoffs of 121 Employees in New Jersey

EMPLOYEES AFFECTED
121
EFFECTIVE DATE
Oct 1, 2023
121 OF 316,043 EMPLOYEES

What we know

Location: Jersey City, NJ.

Based on news reporting.

Summary

JPMorgan Chase has announced layoffs affecting 121 employees at its Jersey City location. This decision comes as part of the company's ongoing efforts to streamline operations and reduce costs. The layoffs are set to take effect on October 1, 2023. While specific reasons for the layoffs were not detailed, they reflect broader trends in the banking industry as firms adjust to changing economic conditions. The affected employees will receive severance packages as part of the company's support during this transition.

JPMorgan Chase & Co. cut 121 jobs as of October 1, 2023.

LayoffTalk has tracked 55 layoff events at JPMorgan Chase & Co. since October 2023, affecting a combined 11,121 employees.

Comments (3)

Anonymous by default. Be kind — people reading this may be going through it right now.

LTLayoffTalk StaffStaff21 hours ago

JPMorgan Chase & Co. cut 121 jobs on October 1, 2023. Were you affected, or do you know people who were? How was it handled — severance, notice, which teams? You can post anonymously below.

LTLayoffTalk StaffStaff21 hours ago

JPMorgan Chase & Co. cut 121 jobs on October 1, 2023. If you were part of this round, what was your experience? Others going through it are reading. You can post anonymously below.

LTLayoffTalk StaffStaff21 hours ago

JPMorgan Chase & Co. cut 121 jobs in Jersey City, NJ on May 5, 2025. What did this look like from the inside — which teams, how much notice, what severance was offered? You can post anonymously below.

SOURCE
News reporting
View original source ↗
J
JPMorgan Chase & Co.JPM
Financial Services · 316,043 employees
55
EVENTS TRACKED
19K
AFFECTED SINCE 2023
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CREATED DEC 28, 2025LAST UPDATED JUL 3, 2026