Employees express frustration as JPMorgan Chase layoffs begin after record profits

Managers at JPMorgan Chase are notifying employees of job cuts, according to people holding close information about the matter. It is part of a series of layoffs the prominent bank is planning to make throughout 2025.

JPMorgan Chase plans to announce additional job cuts in mid-March, May, June and a couple of more months this year. It should be highlighted here that not all lines of business are going to be impacted in each round of those layoffs.

In February, less than 1,000 employees are expected to be laid off. The company had some 317,000 employees as of December. These restructuring efforts are “part of our regular management of the business,” according to a spokesperson for JPMorgan Chase.

The layoffs come as JPMorgan Chase reports robust financial results, triggering uncertainty and anger among employees. People are also unhappy about a 5-day in-office mandate set to start next month, raises and bonuses.

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