Layoffs or RIFs are supposed to be either this week or next. Has anyone witnessed or heard of anything happening yet? In my experience most often these types of things happen on Wednesdays....so I know this post may be a bit early.
Topics regarding layoffs at JPMorgan Chase & Co.
GFCC Compliance Investigations RIF will be announced tomorrow or Friday.
In some cases the bank kept moving illicit funds even after U.S. officials warned them they’d face criminal prosecutions if they didn’t stop doing business with mobsters, fraudsters or corrupt... — read more
long ago Jamie Dimon lashed out at U.S. government policy during the previous company's quarterly earnings conference, stating it’s “almost an embarrassment” being an American citizen traveling the world because of policies hindering business... — read more
Nikki Acton, head of global liquidity solutions at JPMorgan is returning to Bank of America later this year as head of cross channel international sales. Jean Mah, an equity trading veteran who spent over two decades at JPMorgan
A half a trillion by JPM alone to alleged militants, d–g traffickers and corrupt officials. How does Jamie get away with this time and time again? This place has been fined so many times it's insane. This guy must be pulling some uber smooth... — read more
This is a generic discussion thread to capture comments about potential Chase Layoffs 2020? Any news or rumors?
Young and offshore resources are much better in value.
https://m.dw.com/en/fincen-files-big-banks-money-laundering/a-54995003 What about Jamie Dimon? will he be called upon The FinCEN findings JP MORGAN CHASE extensive international research on money laundering and financial crime. They show how... — read more
Many Managers, VPs and Execs are in charge of departments but know nothing about the jobs or work they oversee. They understand the concept and what THEY NEED TO DO, but don't know what the staff is actually responsible to do. When faced with the... — read more
P.Morgan Chase cuts are likely to fall between 5 percent and 10 percent of current headcounts, Reuters quotes Alan Johnson, head of compensation consultancy Johnson Associates Inc., as saying. Johnson estimates that most of the cuts will come in... — read more
There will 100% be layoffs in CCB Digital, inclusive of NY metro. Not clear how many...maybe "only" 5% or so, but there is absolutely a Digital layoff list that the execs have. It's been around for weeks, but changes are still being made. I've heard... — read more
Dimon thinks he can sidestep this by claiming it was discovered internal, I say BS we got red-handed. How does this guy get away covering this up so quickly and so often? And then he blames us. Total dirt bag.
We got caught red-handed yet again for having poor Ops and Compliance risk controls. When are the regulators going to start coming down harder on this dumpster? Dimon this just talking about will make it ok. This guy should be fired for this.
How often do they lay-off in a year ? Already 2 waves were done this year....
Has anyone heard on Oct layoffs ?
Any layoffs in CCB in NY metro? Does anyone have inside info?
Once again money first, health second. Dimon and his jacked-up heart mean he's gone with his billion-plus in the next year or two. Other banks will eat this place alive shortly after. Time to start looking for an exit strategy now.
I am hearing, not sure if fact or rumor, that JPMC is not hiring H1B this year and also they are not giving new internal opportunities to H1Bs if you want to change your project? I am on H1 and want to know if I will be impacted? I am seeing work... — read more
VP Managers demoted in work responsibility to associate teams doing the SAME WORK AS ASSOCIATES No more No less while RETAINING their VP Manager Title and salaries? Should not the associates then be promoted to VP Managers since we are doing the SAME... — read more
Outsourcing & Layoffs - shame on firm like this 16+ hrs of work in a day runs from India, 8 hrs shared among US & Argentina... Laying off employees during pandemic... Hiring all h1s.... What a shame.... does the top management ever feel that...
Do we know if they'll continue today or are we are done?
i Referred a very competent friend of mine for an open position Dev/Ops at JP. Instead of focusing on his skills , he was deemed not qualified by the Recruiter. I argue that it’s time to focus on closing the opportunity gap, not only for the benefit... — read more
Asking for a friend
Anybody have any information on any upcoming riffs? I had heard there would be another round in September, but no details. Seems like there may be reductions in compliance and ops risk.
I have knowledge that they are working with outside consultants for some massive cuts underway. Lots of jobs will be moving to India. The goal is a 50% headcount reduction with automation and customers moving to online platforms. Its over boys... — read more
yey the stock market flying high, why is that? Wallstreet is not the Economy. and Yes, the stock market is a ponzi scheme but until the masses come to the same conclusion the scheme will be alive and well. I won't worry too much about the... — read more
Anyone else hate coming to work? I want to get a laid off and get a package.
I know a manager who had an affair with a co-worker for months. When the person found out the manager was married, they threaten to tell the spouse. To keep quiet, the manager hired the co-worker's mother who was not qualified. Should I go to HR?
Let me tell you this sad fact: this industry is systematically shrinking. All jobs gone won’t come back. There will be more funds closing than opening in future. Less new jobs will be created. More smart people will fight for an investment or trading... — read more
Any detailed information regarding this annual activity??
Jamie Dimon’s warning for the U.S. economy" nobody knows what comes next" REALLY? ...I KNOW...heavy offshoring and outsourcing. KEY POINTS The range of outcomes for the economy in the second half is incredibly wide: JPMorgan Chase sees no fewer... — read more