JPMorgan Chase reportedly starts a round of layoffs
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JPMorgan Chase has had several layoffs this year, with some workers still in the process of company Apparently they were beginning to say they would lose their jobs.
Baron’s Reported on Wednesday What some JPMorgan Chase employees learned from supervisors that they were affected by layoffs last week from supervisors. The outlet cited an unknown source “who are familiar with the issue.”
The report states that layoffs at banks this month will affect fewer than 1,000 workers.
The JPMorgan Chase logo is located in its headquarters building on May 26, 2023 in New York City. (Michael M. Santiago/Getty Images)
There was a layoff on the horizon at JPMorgan Chase, and Barron reported that he was considering other rounds in March, May, June, August and September.
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JPMorgan Chase told Fox Business: “We will “create new roles that will regularly review business needs accordingly, coordinate staff and identify the location of needs or reductions as needed.”
“Our strategy has not changed, we run our company to invest throughout the cycle. We continue to hire in many areas and work hard to redeploy the employees that have influenced us. We will continue,” the company added. “This is part of the regular management of the business and affects a very small number of employees.”
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| JPM | JPMorgan Chase & Co. | 275.48 | +0.33 |
+0.12% |
Coming in 2025, JPMorgan’s workforce has been added Over 317,000.
“Last year we added over 7,000 jobs and currently have around 14,000 open positions.” jpmorgan chain He told Fox Business.
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The company operates in assets and asset management. Commercial Bankits website says consumer and community banking, corporate and investment banking, and technology. Barron reports that future job cuts will not collide with every unit every time.
On March 21st, 2023, the main entrance to JP Morgan Chase Building in Manhattan. (Erik McGregor/Lightrocket/Getty Images)
In mid-January, JPMorgan reported nearly $43.74 billion in managed revenue in the fourth quarter. Quarterly net income was $14 billion, a jump of 50% year-on-year.
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At the end of 2024, it had $4 trillion in assets and $345 billion in shareholders’ equity, according to the company.