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REPORTED · NEWSPublished Feb 25, 2025

JPMorgan Announces Layoffs of 121 Employees in New Jersey

SOURCENews reportView the filing ↗

EMPLOYEES AFFECTED
121
EFFECTIVE DATE
Feb 24, 2026
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 in NJ as of February 24, 2026.

LayoffTalk has tracked 50 layoff events at JPMorgan Chase & Co. since January 2025, including 1,538 jobs documented in official WARN filings, with 38 additional events known from news reporting.

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SOURCE
News reporting
View original source ↗
J
JPMorgan Chase & Co.JPM
Financials · 316,043 employees
50
EVENTS TRACKED
1,538
JOBS IN WARN FILINGS
View company profile

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CREATED DEC 28, 2025LAST UPDATED AUG 7, 2026