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REPORTED · NEWSPublished Jun 27, 2026

JPMorgan Chase Shutters Department Amid Mass Layoffs in Texas

SOURCENews reportView the filing ↗

EMPLOYEES AFFECTED
200
EFFECTIVE DATE
Jun 27, 2026
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 in TX affecting its specific department not mentioned team as of June 27, 2026.

That is roughly 0.1% of the 316,043 people JPMorgan Chase & Co. employs.

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 MAY 30, 2026LAST UPDATED AUG 7, 2026