With Wells Fargo significantly cutting back and with all the problems in the IMB/correspondent space….JPM is uniquely positioned to be #1 in mortgage. Which would be a little ironic since Jamie doesn’t care for the biz. Chase actually does have good... —  read more 

https://twitter.com/billackman/status/1663959113703751720

I'm doubling down on complaints about tech leadership. The Australian MD that just started about 2 years ago(?) is a very poor leader in my opinion. Her approach is impersonal, condescending, and uninspirational. RH needs to be shown the door

Maybe I'm wrong, but I have the impression that employee dissatisfaction is greater than ever, at least since I've been working here and I've been here for a very long time. People want to feel appreciated, but who can say that they feel that way... —  read more 

See the vid yourself, the tracking is not just about how many times you scanned your badge….. https://youtu.be/rHjgQCkpZIs

The US banking giant, JPMorgan Chase, reportedly is looking towards laying off 500 employees from its workforce. Reducing the headcounts was the routine instance during the past several months across industries in different sectors... —  read more 

Heard two different things in the last week or so. First, heard no more hiring there and they are going to allow attrition to take care of things. Then, jus heard about packages and layoffs. Anyone have info?

https://www.washingtonpost.com/business/2023/05/26/epstein-jpmorgan-client-s-x-offender-warnings/

https://www.cnbc.com/2023/05/26/job-cuts-jpmorgan-chase-cut-about-500-tech-and-ops-jobs-.html

Rumors of layoffs make me very anxious. I'm preparing anyway, although I refuse to believe that the rumored layoffs will be so big. Do you think there are some departments that are safer than others?

That’s what I’m hearing

We have an email distribution error and it went to firm wide by mistake and people are mad when replying all asking for removal. Seeing them being so mad on such trivial thing is really cute :)

Removing all non customer facing positions. Forced to relocate or demote. Full hiring freeze and leadership bluntly stated there are no growth opportunities that do not require relocation now. Letting 2/3 of buildings lease expire. Use your PTO... —  read more 

https://www.reddit.com/gallery/13iqvqj

I am a Senior Lead with 22 year of experience and extensive technical background. I did not understand the employee ranking when I hired on. My title in my previous company was Senior Principal. I have many colleagues who are less skilled, have just... —  read more 

Do you feel valued at all? Of all the places I worked at in my 15-year-long career, I feel the least appreciated at JPMorgan. Had I known how little the management thinks of employees here I would have never accepted the job offer two years ago, but... —  read more 

Don't get stuck looking just at the big banks. Many smaller banks are more than eager to hire talented individuals from bigger banks and are often willing to offer competitive compensation packages to do so. True, you may need to forego your bonus... —  read more 

There are many rumors out there that layoffs are coming but I hope that they are not true.

Another story the mainstream media and cnbc ignoring. https://www.foxbusiness.com/politics/chase-bank-warned-religious-discrimination-gop-attorneys-general

Annoyed that I have tried to grow myself and looking to expand because honestly CDA work is mundane and monkey work. How do you get a new position. I get the you didn’t get selected email but no feedback. Terrible.

https://www.businessinsider.com/why-first-republic-bank-in-trouble-mortgages-backfired-rising-rates-2023-4 People lost their jobs and couldn’t get deals because competitors like these sc-mbags took out deals and now our jobs

https://seekingalpha.com/article/4598591-first-republic-bank-jpmorgan-comes-to-rescue

HLA here, hoping everyone does the employee survey honestly this year! From my point of view, they are just letting us make minimum wage while going we quit in order to not pay us severance or unemployment. They helped us when covid started, but... —  read more 

Any orgs hear about the RIF happening today?

We've made top WSJ article. JPM was actively aiding and abetting in Epstein's crimes, the news is out it can't be hidden now. Add this to the repeated admitted offenses in money laundering, Bernie Madoff work we've done, and the other dozens of... —  read more 

I’m as burnt out as burnt out gets here. Home lending advisor in CEntealized. Very tenured and good performer. This job has been a roller coaster, and I have thrived, survived, and despised all the while. Lately it seems their out to manage/preform... —  read more 

SEC.govhttps://www.sec.gov › press-releaseSEC Adopts Rule for Pay Ratio Disclosure Friday 8/4/23- Pay Ratio Disclosure Day observed. On 8/5/2015, the SEC Adopted Rules For Pay Ratio Disclosure. All employees of companies with a CEO pay ratio greater... —  read more 

She needs to be thrown in jail and all their net worth clawed back to taxpayers WASHINGTON—A Consumer Financial Protection Bureau employee forwarded to a personal email account confidential information on thousands of consumers and dozens of... —  read more 

How much weight has everyone gained sitting at home? Perhaps more then you would have liked. At least if you go to the office, you get some exercise which is good for your health. Think of putting in that extra few hours in the morning to get to work... —  read more 

I would work one more hour per as long as I do not have to commute to the office. If everyone else did that...

It is sad to see managers without technical background making technology decision without listening to the the technical staff. When asked to explain the decision made, the manager declined to provide explanation. Most likely, the manager was told to... —  read more 

https://www.businessinsider.com/jpmorgan-jamie-dimon-elon-musk-warren-buffett-inequality-american-dream-2023-4 I mean, one thing comes to mind that might help to "reignite the American dream" is to ... Stop laying-off workers to fund CEOs' lavish... —  read more 

They are doing ANYTHING and EVERYTHING to get people out of there and not pay severance. Change my mind!

Has anyone been surprised by these quarterly results? https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2023/1st-quarter/be0fc3a0-c499-4af9-933c-6e7f75025097.pdf

Soo is he bluffing again? Or do you think he really means it this time? I'm betting it's just another bluff / scare tactic. I'll be damned If I'm going back to the office 5-days a week again. No... —  read more 

Good opportunity or no? Comp plan is pretty low (basis points). Good money to be had there? Can you do high production? Or is mostly chasing down branch leads like a quasi call center job?

Any inside intel on next round?

Why do managers say cutting costs in their department and don’t do Layoffs instead ask employees to look for jobs why?

Has anyone negotiated more severance payout? If so, how?