JPMorgan Chase & Co. Layoffs

Topics regarding layoffs at JPMorgan Chase & Co.

Merchant Services in Tampa

Merchant Services in Tampa had riffs last month. From software engineers to business side. Don't really know the exact count but in our office someone mentioned 25.
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Life after JPM

Is there a trend in the market whereby a mass exodus of JPM staff are leaving and heading to another certain company?

Two Alike?

It seems JPMC is laying off with the same velocity of Wells Fargo. Although the scandals are not as publicized as at Wells Fargo I'm sure they have their own "issues." Any employees here can shed light into the chaos or is JPMC needing to layoff just... read more

Info on layoffs

Major layoffs coming in compliance and risk. At the town hall last month they said ny and nj will no longer be a hub. All jobs going to Delaware and Tampa. Is this true about the town hall? Can anybody confirm it?

July layoff

Collection department as well as multiple other departments layoff in mid July.

Chase Mortgage Loan officers in Wisconsin

I hear they are hiring Chase Mortgage Loan officers in Wisconsin. I do not think there are layoffs, I think Chase is adding headcount. Things may be different outside of Wisconsin, I have no details on that but for Wisconsin things are not looking... read more

More waves coming in June

Looks like a lot of senior management shakeup is happening and due by mid/late June. Prepare for the rough ride ahead!

Delaware Layoffs

A couple groups in Financial Control just received word their jobs are moving to India. They have 45 days to train their replacements and find new roles

Genius Dimon

JPMorgan Chase will invest $125 million in programs to encourage people to save money, while heavily outshoring and outsourcing jobs... Great PR, less US Jobs!

Any more layoffs?

What's happening? Will there be more layoffs tomorrow or next week? I hate the lack of transparency regarding layoffs at this bank. If we had better management, they'd tell us what's going on - whether it's good or bad. What a bunch of cowards we... read more

Major GTI layoffs

JPMChase just had a meeting yesterday announcing that 50% of the GTI staff @ Jersey City location was going to be terminated to make room for the Sr management move from 270 park renovation. It's very sad to have learned this especially when they... read more

Home Equity

Any comments regarding home equity processing and underwriting? No backfilling of processing spots and alot of work going to the Philippines.

Attrition is through the roof

What's been going on lately that so may people are leaving JPMC? I mean, there was always attrition, but what's been happening lately is a whole new level. Every day somebody new leaves. Should I be worried? Am I missing something? I hope I'm... read more

Writing on the wall

You know layoffs are coming when they take your whole group's pipeline for an experiment.... new leaders always lead to new layoffs. It's so sad. We used to be kept informed. Now it's all hush hush. Make it through Thursdays and you're relieved one... read more

Piepszak Appointment

Piepszak's very frugal and fiscally conservative. Now, the CFO role will allow her to move into cost cutting quickly and you should see many cuts in a few months. Is she going to lay people off? Not sure, but some cost cutting will happen - will be... read more
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Any upcoming waves in Q2?

Lots of upper mgmt reorg, realignment,mergers between different LOBs lately. Finding efficiency is now a dirty word. Anything happening in Q2?

Don’t complain if your comp is cut!

I heard that anyone who complained in the Private Bank that they were paid down was let go. Apparently, there was a big revenue drag due to lost deposits that really hurt, new flows and investments just couldn’t make up for those losses. As a result... read more

Massive Layoffs in JPMC Bangalore across All LOBs

HRs + Managers have silently laid off 100s of employees across different LOBs (AWM, CIB, CCB, CB etc) They have gone about it rather unscrupulously actually, first deliberatly giving poor ratings, then using that as an excuse to not give any hike &... read more

For once they can't keep it quiet

Since JPMorgan is known for handling layoffs sneakily - have a lot of smaller ones to avoid bad publicity - for once it did not work. I'm rather shocked to see quiet a few media outlets have picked up the story of our latest layoffs for a change. Not... read more

Will it continue today?

Do we know if we can expect more layoffs at JPMC today or did they notify everybody they wanted to yesterday? If it's not done, and ideas on what might be hit next? Just checked this forum for other banks and it looks like layoffs are happening all... read more

GFCC AML cuts

Layoffs apparently in GFCC AML investigations in San Antonio, Delaware and Brooklyn. Not sure how many are being let go and if they are doing multiple rounds or just isolated partial layoffs.

Warning for those in Merchant Services

I was the only person on a team of seven that had their position eliminated. My performance management reports were always positive and I was praised as a top performer yet I was laid off due to policy changes regarding co-location. I was not given... read more

Walk-Outs

Mass executive walk outs at Merchant Services. People are fed up with the abuse at Chase

Immediatately laid off Feb 7 2019

Tampa watch out! Buzz cut the entire collateral UW dept leaving only equity and credit intact. Wow! Jacksonville really is the godfather...tampa seems to be the dumping ground. Good luck to all. What a way to end employment. They took out two teams... read more

Insights for Q1 2019?

With so many top management meetings and re-orgs, what’s going to happen in Feb and March 2019? Heard a wave of layoffs in GTI planned in Feb.

Phoenix Recovery/Collection's

Something seems odd in our department today. all Staff apparently summoned to scheduled meeting tomorrow. Anyone heard what's up? It's not ordinary.

Over 100 let go in Tampa today.

Just announced that over 100 will be let go in Tampa due to hurrica Irma making the site "too risky" to do business in. Funny thing is Tampa hasn't even been hit with a Hurricane in over 100 years. Happy New Year! Heres your pink slip!!

Emails already sent to gather those to be let go

Many already received emails for tbd meetings of high importance for"business" update whether it would be in a room or by phone. Banks are a mess no matter the Line of Business and company. We all need to look outside Chase no matter the line of... read more

Firing people to avoid paying severance

Has anybody noticed that JPMorgan has resorted to firing people for even the smallest (and sometimes nonexistent) infraction lately? Things that wouldn't merit even a write-up in normal circumstances? Looks like they managed to find a nice way to get... read more

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