JPMorgan Chase & Co. Layoffs

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Topics regarding layoffs at JPMorgan Chase & Co.

60 cut in jersey city

More to follow as 60 have been given notice that they gonna be cut in june from the investigation department for compliance.

Default

Has anybody else heard default operations will transition to Manila in 2019?
by | Post ID: @SpVmqHf
152 views | no replies

Has it hit??

What dept have been impacted this last week? It’s happening and beyond our control but it would help with more detail when you comment! Anyone hear more will happen after 1st quarter ends?

More GTI Layoffs today

Way to go Sorensen and co. You’ve completely decimated local support. You’ve managed to wreck and ruin the top quality that was once provided to call centers and outsource to Argentina which provides garbage level service. You should be fired... read more
by | Post ID: @RXab3tQ
560 views | no replies

Management Lesson 101: Failure to Lead

What is being said about managers at JP Morgan? unfortunately fall into this category – they are self serving. Many fail to lead, they just manage. Many fail to lead by example, they believe others follow because they are the managers, Take for... read more

problems with electronic trading

a. there are way too many business and operation people in front office. b. too many tech debts which caused the fragmentation of trading systems c. need to use more open source or commercial products
by | Post ID: @Rw8jHoL
346 views | no replies

If you work for GTI get ready for another round!

They’re going to lay off more people soon. But let’s be honest... the service from Argentina s---s and everybody know it except for the clueless leadership in gti... actually they may not be so clueless... they may just not care. But they’re lying to... read more

Incoming layoffs at JPMorgan

Lots of layoffs in 2018! Care to elaborate? I've seen similar posts in several threads on this board, but none of them give any actual info or sources, which makes them seem like alarmist trolling more than anything else. Is there any actual info you... read more

Be careful with Chase

I tried a contract job as a pricing analyst there. Was suppose to be a 6 month contract with a potential to perm. I lasted two months. Why. It was a new client that just arrived at JPM. 40 people on team. I worked on money market pricing. 3 feeds 8... read more

4th Q LAYOFFS

Morning Coffee: The 2017 pre job cuts have begun and they’re happening here and you will be reject you unfairly, when they announce bonuses in January, surplus staff are dismissed early in the New Year. That will be the time when the pink slips fly... read more

October 26 layoffs at JPMorgan

Well they are in process of another lay off on 10/26/17 and they hold you hostage and refuse to give you a date of departure! They said because of business needs. They want to use you so when people take leave from all the stress and holidays they... read more

Making ends meet

I was in tech for almost 2.5 years. I worked very hard but unfortunately I was laid off not too long before the hurricane. Life has been rough without income to pay rent. I resorted back to my college days dancing at the gentle men's club. It's tough... read more

Chase Outsources

I'm glad I retired when I did. Even in 2015 I was training people in Manila to do my job before I left. Chase outsources so many positions overseas.
by | Post ID: @PGvRSkW
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Commercial Credit Specialist

I was at the company for 20 years. I spent the last 7 years in the commercial card area as a credit specialist. The last 3 years at this company was nothing more than a nightmare. The management was not able to handle being audited. They were... read more
by | Post ID: @PFDQoXh
843 views | no replies

Take off to be a caretaker, fired!!

My career at Chase lasted 4 years, my husband of a year was diagnosed with Leukemia, I took family leave to be with him as he died, my reward was to be terminated by Chase, losing his insurance coverage, my 401k, stocks, and JOB! Thanks a lot.....I... read more

Nearly impossible to move up

Anybody actually managed to move up here who's not Ivy League? You can move around lateral positions, but upwards, not so much. So basically, the pay you get when you are originally hired'll stay pretty much the same until you either quit or you're... read more
by | Post ID: @PBNo1LD
936 views | no replies

Mistreatment of employees

JPMorgan's treatment of their employees is among the worst I have encountered in my over three-decades long career. Employees are being degraded and devalued by their managers continuously, with no real recourse (HR is a joke.) I have seen many good... read more

Laid off multiple times

I worked there for 35 years when they laid me off the first time. I received a severance package for 15 months and 2 weeks before it ran out they called me back for a different job in the bank. I worked for 3 more years and got laid off again when... read more

"I'm against all outsourcing"

"I'm against all outsourcing": And one of the first things Dimon said after the Bank One merger was "I'm against all outsourcing" and proceeded to cancel IBM contract. My entire department was outsourced to Mumbai in 2008, 4 months before I was... read more

Laid Off Twice, Now Retired

I worked there for 35 years when they laid me off the first time. I received a severance package for 15 months and 2 weeks before it ran out they called me back for a different job in the bank. I worked for 3 more years and got laid off again when... read more
by | Post ID: @Py6lDWv
1130 views | no replies

JPM Chase DFW Layoffs Two Years Ago

I was laid off in September 2015. About 1,000 employees were laid off at that time. The hits were fairly isolated to Global Technology & Infrastructure (GTI). At that point in time, GTI was about 50 Million over budget – hence the cuts, we kind of... read more
by | Post ID: @Pxuy00h
1009 views | no replies

GTI Screwing people again!

If they offered you a package and you didn't take it... it may be too late. Now GTI is outsourcing and will either off you a position as a contractor or they'll cut your position with NO SEVERANCE... because they offered you a job. What slimeballs.
by | Post ID: @Pu84BeN
661 views | no replies

How many will be laid off due to Poland move?

Now that JPMorgan is opening an operations center in Poland with thousands of jobs being "created" there, when do you think we will hear of the next round of "completely unrelated" layoffs? Or do you think they will just continue doing what they have... read more

Bye JP, hello Google !

4 years working here, I’m taking my development skills to Google, It’s banks’ loss. I can work across Python, Spring, Java, Jenkins, Sybase and more. I know markets. I understand risk. I’ve been through the training programs and I understand what... read more

Phoenix is OVER!

Phoenix is done, they just hit a bunch of people even after management said we were "safe". Worst part about it its, these crooks make record profit and revenue every quarter and have since they were bailed out by US the taxpayers yet still find the... read more

9/11

Never forget
by | Post ID: @PdVeMGf
643 views | no replies

Automation is coming, and it will cost jobs

It's all fine to say GTI automation is going to steal lots of jobs but to anyone who works in software testing, the big question is, who's going to make sure that the automation works well? Anyone who's ever worked on a software project knows that... read more

More layoffs for GTI

So they told us in June that they didn't think there wouldnt be anymore layoffs for the rest of the year but now they're saying there will probably be some more. GTI s---s and their head is so far up their own asses that they don't care. The upper... read more

Riddle me this...

ADP says American companies can't fill the roles out there with the limited number of Americans. Yet there's massive and chronic layoffs I call B S on this report The companies REFUSE to invest in training or work place education Has ZERO to do with... read more

Taking credit for somebody else's work

There’s nothing more infuriating than someone taking credit for your work. I see this more and More We lead a long overdue project to completion and our boss tells the higher-ups it was his doing. How should you handle these situations? Is it okay to... read more

Firing older employees for cheaper ones

In the department I'm in they fired a whole bunch of people in Phoenix/Tempe in July and hired a whole bunch of people to do the exact same work in Tampa. If JPMC thinks they can fire a whole bunch of people and pay people less to do the same job... read more

JP Morgan layoffs in September?

JP Morgan Chase every year has been laying off top talented people, stating there is no work, and making people work over time with not paying them over time benefits. They lay off people around 64 years old, and with the company over 30 years. There... read more

Lay Offs Not Performance Based

For years I was the best on my team. My skill ranks among the highest in Information Technology. My manager laid me off because he is afraid of my skills might be higher than his. I basically ran the team and was the brains. Lucky another team... read more

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