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REPORTED · NEWSPublished Dec 28, 2025

JPMorgan Chase Begins Job Cuts Amid Regular Management Adjustments

EMPLOYEES AFFECTED
2,000
SHARE OF WORKFORCE
~0.6%
EFFECTIVE DATE
Oct 1, 2023
2,000 OF 316,043 EMPLOYEES

What we know

Location: New York, NY, USA.

Based on news reporting.

Summary

JPMorgan Chase & Co. has initiated job cuts as part of its regular management strategy, affecting approximately 2,000 employees. The layoffs are part of the company's ongoing efforts to streamline operations and adapt to changing market conditions. The affected positions are primarily located in New York, NY. This move reflects the bank's commitment to maintaining efficiency and competitiveness in the financial sector. The company has stated that these adjustments are necessary to align with its long-term goals and operational needs.

JPMorgan Chase & Co. cut 2,000 jobs as of October 1, 2023.

That is roughly 0.6% 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 2,000 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.

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 DEC 28, 2025