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REPORTED · NEWSPublished May 30, 2026

JPMorgan Chase Shutters Department Amid Mass Layoffs in Texas

EMPLOYEES AFFECTED
200
EFFECTIVE DATE
Oct 1, 2023
200 OF 316,043 EMPLOYEES

What we know

Location: Texas, USA.

Department affected: specific department not mentioned.

Based on news reporting.

Summary

JPMorgan Chase has laid off approximately 200 employees as it shutters a department in Texas. This decision comes amid a wave of mass layoffs affecting various sectors in the state. The layoffs are part of a broader trend of workforce reductions as companies adjust to changing economic conditions. The specific reasons for the department's closure were not detailed, but it reflects ongoing challenges in the financial sector. The layoffs took effect on October 1, 2023, impacting the local workforce significantly.

JPMorgan Chase & Co. cut 200 jobs affecting its specific department not mentioned team as of October 1, 2023.

That is roughly 0.1% 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.

Comments (5)

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

LTLayoffTalk StaffStaff21 hours ago

JPMorgan Chase & Co. cut 200 jobs on June 27, 2026. What did this look like from the inside — which teams, how much notice, what severance was offered? You can post anonymously below.

LTLayoffTalk StaffStaff21 hours ago

JPMorgan Chase & Co. cut 200 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 200 jobs on June 24, 2026. 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 200 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 200 jobs on October 1, 2023. 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
View company profile+ Get alerts for JPMorgan Chase & Co.

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CREATED MAY 30, 2026LAST UPDATED JUL 3, 2026