Topics regarding layoffs at JPMorgan Chase & Co.
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.
Is there a trend in the market whereby a mass exodus of JPM staff are leaving and heading to another certain company?
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
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?
As filed with the state: TX Notice Received on: Mar 18, 2019 Company: JP Morgan Chase & Co-Consumer Banking & Card County: Tarrant WDA: Tarrant County WDA Number of employees laid off: 368 Layoff date (start): Mar 14, 2019 Layoff date (end): Mar 18... read more
Collection department as well as multiple other departments layoff in mid July.
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
Looks like a lot of senior management shakeup is happening and due by mid/late June. Prepare for the rough ride ahead!
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
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!
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
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
On a smarmy and disingenuous phone call yesterday, upper management at Chase Home Lending informed the Country that all the in branch retail loan officers in the entire State of Wisconsin would be losing their positions. They will be offered... read more
Any comments regarding home equity processing and underwriting? No backfilling of processing spots and alot of work going to the Philippines.
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
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
As per header....
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
Lots of upper mgmt reorg, realignment,mergers between different LOBs lately. Finding efficiency is now a dirty word. Anything happening in Q2?
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
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
There are plenty of lay off in Corporate Technology LOB in JP. 10 % reduction in NYC area ongoing.
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
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
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.
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
New round of RIFs coming to NYC, NJ offices.
Any truth in merger of JP Morgan and BNY Mellon , layoffs seem to be going on in both companies at the same time ? any truth in this ?
Mass executive walk outs at Merchant Services. People are fed up with the abuse at Chase
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
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.
Some BAs have been hit in Dallas. Good luck to all.
Something seems odd in our department today. all Staff apparently summoned to scheduled meeting tomorrow. Anyone heard what's up? It's not ordinary.
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!!
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
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