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Topics regarding layoffs at JPMorgan Chase & Co.
After the latest layoffs we got a coffee machine from management, WOW!! Most people I know here pretty much hate their jobs. They complain about the work, the people, the commute, the pay, the hours, the lack of vacation time and control over their... read more
US immigration hit with H-1B lawsuit Updated 5 hours ago A lawsuit filed last week against the U.S. Citizenship and Immigration Services (USCIS) claims that the agency is arbitrarily deciding the length of temporary worker visas, sometimes issuing... read more
J.P. Morgan and the art of nepotism is present everywhere you look, I had a great manager in my last job. I didn't realize how great a manager was until I left that job. and start working for JPMC, incompetence reigns here fro VP's to Directors... read more
Most manager are not good I had 4 last year, LoL, Culture is really awful here for tech. Too much paper work/process required to get things moving in general. Everyone has specific roles/responsibility, so working with different teams could take... read more
I’m hearing more to happen in Mortgage in October within Plano, true?
QC letters and uw and call center 8n Lewisville got aced along with business analyst teams a month ago and day before in Lewisville. Jobs going to AZ come 2019 of Jan FNMA will not be leasing in downtown Chase bldg anymore so they have to let go... read more
Not sure why no posts here but there are layoffs at JPMC Custody Services. Some folks with very long tenures were let go which leads me to believe they wanted to go after better paid resources - and this will continue as we are in a race to the... read more
JPMorgan Reports Earnings Amid Mortgage Staff Cuts By Richard H. Suttmeier | Updated October 9, 2018 — 9:15 AM EDT JPMorgan Chase & Co. (JPM) is the largest of the four "too big to fail" money center banks and is the only major bank in the Dow Jones... read more
Some Employers shed jobs due to the lack of growth but in JPM's case the offshoring of American jobs continued, overall an estimated 90,000 core technology jobs in September, reversing IT employment gains from the previous month, while job postings... read more
CAS layoffs in Jax just happened
107 pink slips in San Antonio Lynn Brezosky | on October 5, 2018 Photo: Scott McIntyre /Bloomberg IMAGE 1 OF 21 JPMorgan Chase & Co. is laying off 107 San Antonio employees as it relocates its Banker Support Division. >>>See which other businesses... read more
The Wall Street Journal MARKETS JPMorgan Chase Laying Off About 400 Mortgage Employees Chase, one of the biggest home lenders, is cutting employees in Florida, Ohio, Arizona JPMorgan Chase is planning layoffs in its mortgage division weeks after... read more
I often write code to complete tasks, but what if the person automates their entire job? I found about a dozen programmers here who have either written code to handle most or all of their job. and told no one, In my case I automated my entire job... read more
Where are the Leaders accountability to the rest of the organization to create trust and establish their own credibility? WHAT IS THAT THEY DO? just changing Org names, and changing job titles and get paid like no one else?, that is all they do. Come... read more
I just had a death in family, showed up to work after a day and got laid off when they knew I lost a loveone, they still did not wait a say or two. Boss told me 4weeks ago thanks for being a top performer and doing a great job for us and now all... read more
All gone as of 11/30/18. Thanks for the JIT for Christmas layoffs....d---s.
A total mass occur and mortgage servicing and a fall today. However Chase is violating the law. They gave people a 45 day working notice and some people a 45 day nonworking notice however due to the amount of employees that were laid off under the... read more
Look at what happened to Fraud in New Jersey. A bunch of qualified good workers lost their job because they “cost too much” then they move the site to TX and proceed to replace them with lower level yokels who were from mortgage. Its a sham and a... read more
A lot of this is software catching up to the logistics that is now possible due to the improvements in data infrastructure. External calls were the first to be consolidated. Everyone has sat on hold waiting for the next available..... Internal is... read more
The way JPMC is doing layoffs is a nightmare, the strategic solution is to cut to the bone, I have direct knowledge that many managers don't know who will be leaving, but the decision was already made by the HR bean counters, but when layoffs are... read more
Word on the street is Phoenix is going to see another round - 2nd this year, in October.
they’ve moved to import an estimated 37,000 foreign workers through the H-1B visa program since 2014, eorking the H1-B visa system to its benefit and to the detriment of its U.S. workforce, but it is perhaps the best at gaming the system. hiring and... read more
Chase managers kept saying that we as a location would be moving to two different sites and then they called everyone off the phones to say the decision had been made to close our site and that no one would be relocated. WTF.
An excellent way for the company to get rid of you without paying your due severance. How can one protect oneself from this unethical practice???
These kind of things make me sick. Constant layoffs were not enough, and apparently they have to lay off whole units at once. From what I've seen here it’s happening at other locations as well, so it’s hard to believe that this is an isolated event... read more
The next round of cuts will be next week and will look like nothing you have seen lately.
JPMorgan Chase reaches settlement in race case The largest U.S. bank agrees to pay $19.5 million to members of class-action lawsuit alleging racial discrimination that's 'uniform and national in scope' Sep 4, 2018 @ 10:19 am As racial diversity... read more
NEW YORK: An Indian citizen, who was the CEO of two information technology companies in the US, has been arrested in connection with a multi-year visa-fraud scheme involving forged and fraudulent documents to get visas such as H1B for over 200... read more
Some employees get raises as JP continues to trim the workforce JP Morgan was among the top beneficiaries when Republicans slashed corporate taxes in December to stoke the U.S. economy. So how are the nation’s largest financial institution treating... read more
Thanks Jamie Dimond! the tax scam worked!! JP Morgan asset management layoffs account for 1% to 2% of division, JPMorgan Chase & Co. is in the process of laying off around 100 employees in its asset-management division as the bank makes staffing... read more
Default (CAS) is the lowest it has been in the many years I've been working for Chase Call volume and pipeline extremely/terrifying low We all know another lay off is coming 1st the underwriters and we're definitely next before the year ends. It's... read more
Looks like WFC is picking up your current Chief Tech Strategy Officer for a similar role. Good times ahead for us I'm sure.
This place is full of them of course the old white dudes at the executive levels dont give a c-ap they just do it to show the public they are a "diverse" firm but the rest of us get stuck with unqualified micro managers from bethune cookman smdh this... read more
Well, Jax florida were let go in correspondence area. More to come.
Batten down the hatches. Chase posts record profits then lays people off again. Trickle down economics at work
I see so many people here scared of layoffs, heck, I'm one of them, but I still keep coming back to one thing. Why would JPMorgan have layoffs amid one of the best second quarters we've ever have? Just check out the latest earnings call: increased... read more
I’ve seen among our teams that there's a growing intolerance of the non sense that is prevalent in our organization directed to APAC, while I do agree that we have terrible leadership, narcissistic bosses, a lack of a clear pathway to growth and... read more
Ask yourself a question - am I getting less and less work every day? Also, is some of my work going to APAC teams and why? It's likely you are getting the official party line narrative: all is fine, do a good job, nothing to worry about but in... read more
What does it say about current state of JPM if an employee who has been here for close to three decades is praying to be laid off? Literally praying to be on that list that's going to be announced tomorrow or any of the following weeks. It pains me... read more