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REPORTED · NEWSPublished Jun 27, 2026

JPMorgan Chase Shutters Department Amid Mass Layoffs in Texas

EMPLOYEES AFFECTED
300
EFFECTIVE DATE
Oct 1, 2023
300 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 300 employees as it shutters a department in Texas. This decision comes amid broader mass layoffs affecting the region, highlighting the challenging economic landscape. The layoffs were officially executed on October 1, 2023, as the company restructures its operations. While the specific reasons for the department closure were not detailed, the move reflects ongoing adjustments within the financial sector. The impact of these layoffs is significant, contributing to the rising unemployment figures in Texas.

JPMorgan Chase & Co. cut 300 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 (1)

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

LTLayoffTalk StaffStaff21 hours ago

JPMorgan Chase & Co. cut 300 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.

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 JUN 27, 2026LAST UPDATED JUL 3, 2026