JPMorgan Chase , the largest bank in America, has begun employee layoffs affecting fewer than 1,000 workers, with more cuts scheduled throughout 2025. Despite this, the bank is still hiring in ... The bank’s layoffs aren’t new; in 2024, JPMorgan Chase conducted two rounds of staff cuts in New Jersey as part of its ongoing strategy to align its workforce with operational needs. JPMorgan Chase started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday, as it begins one of several planned reductions this year. Banking giant JPMorgan Chase has begun a round of layoffs impacting "fewer than 1,000 employees," with more downsizing expected in mid-March, May, June, August and September, Barron's reports ...
