Now I regret that I even tried to do my best here. How do you feel after being informed that you are no longer needed here? I hope to find something else soon, but Chase will not be a fond memory because I think the way these layoffs were... — read more
Did anyone figure out the method of the madness?
Now that layoffs are happening and now that most of us (who were not affected yet) managed to see them first hand, could anybody tell if there was any pattern to the layoffs in terms of what group of employees got cut. Are we talking mostly about... — read more
Moving to different divisions
I’m not affected, or at least not yet. How many people have been moved to different divisions? I believe that in most cases it is a big downgrade, am I wrong?
software engineers fired?
Any software people getting fired? been hearing alot of firings but not sure what positions
Now that the layoffs are over
Take a deep breath and relax...until the next week when there'll most likely be more. And then the next week and the week after that. If you think this is done, you are incredibly naive. This is just a start and we'll be seeing much more of the same... — read more
Bank branch HLA’s
Any word on how they’re faring?
Are we done with Mortgage layoffs?
Do you think this is it? Or, do you think they (execs/mgmt) will be back at it once they realize that the recession is worse than expected and that nobody is getting mortgage / refi any more? I have exposure to our weekly #s and it's not looking good... — read more
Card Services Department
To Card Services department: Most of us from Home Lending transferring to Card Service With the interest rate rising Are your super busy?
Whose left
So whoever’s left and not laid off do we go to credit cards? Or just back to normal until it’s our turn next this isn’t getting better anytime soon imo
Mortgage applications fell to a 22-year low last month!!!
It'll get even worse. Mortgage applications fell to a 22-year low last month, the management is reacting right now. If they raise interest rates for two additional percent (they will have to in order to tame inflation) you'll be looking at 7% or 8%... — read more
Several AZ members affected
Several members on the refinance side including senior management have been let go.
For those looking for numbers
The New York City-based firm is laying off hundreds of home-lending employees and reassigning hundreds more this week, Bloomberg reported. More than 1,000 employees will be affected, with about half moved to different divisions within the company.
Arizona 10:30 AM
Has AZ been hit yet?
Hundreds of layoffs
https://www.reuters.com/business/jpmorgan-lays-off-hundreds-mortgage-business-bloomberg-news-2022-06-22/
What are the Packages like this time?
Are they the same as what they were in the last round?
And so it begins
People being walked out.
First round of notifications in Columbus
Home Lending Origination employees receiving emails for a 1030 EST meeting away from sales floor in Columbus.
Determining who gets the boot
What do they look for when deciding if you’re staying or going? I really hope I can skirt by this next wave of layoff’s/transfers.
Prediction-June 22
NOTHING of significance happens today.
layoffs 6/22
Tomorrow is the next wave they were setting up chairs on the lunch room for the town hall meeting tomorrow.
How is the rest of the week looking on layoffs?
I can't sleep because I can't stop worrying about what might come in the next few days. I think the fact that the job market is no longer as good as it was for employees is only making things worse for me. Is there any way to know if layoffs are done... — read more
The Trouble in Mortgage Business
The problem is that there is almost no mortgage business / leads being generated by the branches at this point. Refi is dead and will be for years. The competition for purchase business is fierce given the amount of players in the game now, and... — read more
2022 Mortgage Layoffs Master Thread
Let's consolidate what we know in this thread.
6/21
Any purchase ccs on here experiencing movement?
Chase Mortgage-Field HLAs-CD-LDO
Who will be left standing? Chase has to make a fundamental decision about where they go with mortgage going forward. There will not be enough business to go around for all 3. My guess is they keep field HLA's in only the largest branches in Large... — read more
My manager is a ghost
0 contribution to my career development. MIA in any situation where supervisor support is needed. Reads from a meaningless script when hosts meetings. Do you have such ghost (s) in your work life?
Careful with Corp Titles
I removed my VP title from my LinkedIn since I am looking for a new job in cybersecurity. It's nothing but a distraction for recruiters and HR.......... plus, all the "how much software do you want to buy" spam. The title (VP and under) means... — read more
Credit Card Transfers
For those being transferred to credit card, did they say what type of work you would be doing?
Managers, and so-called Supervisors, have no respect for Staffs Time.
I work in an area where the new manager and supervisor have no respect for the staff. First, they come in between 9 and 10 while the rest of us are in between 8 and 9 because of work requirements and hardly say anything to us. You would think they... — read more
It's awful that no severance pay was offered
I expected Chase to offer severance pay. I think a lot of people will quit?
Transferring to credit card
It seems for now not layoff they just moving people to credit card and no option to transfer after a year. And not severance package either.
Almost everyone here is burned out
I love my job, but the expectations that an employee works at full capacity all the time are unrealistic. Working too hard all the time just isn’t feasible. My impression is that most of us here are experiencing a burnout. Isn't that so? Chase... — read more
Horrible workplace
Unless you're lucky enough to be part of one of the few good teams, then you are stuck working in one of the most toxic work environments in the industry. We have to deal with bullying, backstabbing, finger-pointing, and so much more every day. If... — read more
Any tips for keeping a job?
While there are many complainers here who say they can't wait to get out of here, there are probably a lot of those who care about keeping their job as long as possible. But what can we do to actually improve our chances of keeping it? I try to... — read more
Limburger Cheese - back to the office stinks
Limburger Cheese - because back to the office is not only extra germie with the latest sub variants but because it stinks!
JD listed as one of the terrible CEOs
Well, our papa Diamond made it to this honorable list https://www.yahoo.com/lifestyle/light-elon-musk-discussing-firing-014602144.html
Worried about layoffs
All my colleagues are talking about layoffs and in general, there is a lot of nervousness. Is there anyone at all who can feel safe? I know you will say that no one is ever safe, but still, which jobs do you think will be least affected in the case... — read more
What is the pay for branch banker in NY/NJ?
I am a branch banker for Chase’ competition and considering applying at Chase.. is it worth it? What is the pay like? Per hr? Salary.. I am bilingual, if that helps!!