JPMorgan Chase & Co. Layoffs

Topics regarding layoffs at JPMorgan Chase & Co.

The layoffs are meant to pay for the new hires

While Chase will layoff hundreds, we also hire hundreds more in new opportunities and initiatives. The layoffs are meant to pay for the new hires. As for the elimination of the jobs, it encourages managers to be more efficient with the hires at... —  read more 

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Post ID: @110sEAtV

Chase layoffs

I'm a Sr manager and Just learned that Chase GTI will be laying off hundreds more in the US by October 15th,2019

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Post ID: @10YAFkDP

We need to be real here

This is not in defense of JPMorgan Chase or any other similar compamy, but we need to be real here. Not sure where in the US you will find an organization that will provide services like those of JPMorgran or similar companies with US staff only. In... —  read more 

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Post ID: @ZQ5PwQP

Got layoff after several weeks

I got layoff after less than a year with JP Morgan Chase. Nothing to do with performance, just job elimination due to budget cuts. It went from getting a raise in my career to ruining my career. I am too embarrassed to ask my previous employer for... —  read more 

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| 865 views | |
Post ID: @10ZFTD2u

Layoff Thursdays

Why are layoffs always on Thursdays? Is there some reason for them to be doing it this way? Anyone from HR here? —  read more 

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Post ID: @ZXC9EgZ

Chase Layoffs 2019

Share any updates you may have about Chase Layoffs in 2019 or beyond?

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Post ID: @VT7CsH4

If you in only for a short term job...

Go for it if you live in NY and a) don’t mind getting rift’d within 8 to 16 months of getting a position, b) willing to put up with managers who know A LOT less than their staff and whose goals are to not get rift’d and get promoted at the cost of... —  read more 

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| 631 views | |
Post ID: @10YdUmm6

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? —  read more 

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Post ID: @ZpMgtkW

Layoffs September

I heard layoffs for GTI are now, not in October, it’s too close to Thanksgiving. Anyone have concrete news.

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Post ID: @10SJlUzx

Hiring Freeze

Is chase having a hiring freeze right now? Most people looking are not being called in for jobs and i mean those who already got their 45 day notice.

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| 1071 views | |
Post ID: @ZK9AehD

Using your boss as a reference post lay-off

I was laid off in June. Applied for a position outside Chase that needed a reference. So I texted my boss & these are her exact words “Hey Sorry I was not at my desk when you called. I was told that Management has advised us we can only be a... —  read more 

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| 961 views | |
Post ID: @10LU8okc

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 

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Post ID: @YYhEt2W

SHOC Layoff

Support functions for Recovery are being moved to Philippines. Layoff just happened company wide a month ago. Now new talks of more layoffs coming September. Don't invest in anything long term. Including your role with JPMC. Revolving doors are... —  read more 

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Post ID: @10ihYxQr

Anyone getting Unemployment in NY?

Relative let go mid-Apr, paid until end of may and received lump sum severance in mid June - NYS turned down unemployment - anyone receive unemployment in this scenario?

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| 915 views | |
Post ID: @10mzoh9k

Layoffs

Layoffs in Jersey City. There are no jobs at the JC campus. Last week 100 people let go. The rumor mill says that there are steady job eliminations through October. Many jobs sent to Buenos Aires and Plano

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Post ID: @10g3I22G

Replaced by Manila.

We all know the cost of doing business is a lot cheaper when it's done overseas, and with a company like Chase who continues to improve their quarterly profit by reducing overhead, expect it to get progressively worse state side. These layoffs are... —  read more 

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| 1601 views | |
Post ID: @ZW45184

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 

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Post ID: @Zqqr3Ng

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 

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Post ID: @Yn8XGYx

New Headquarters

Does everyone really believe the new headquarters will house the same number of JPM employees as it previously did? With a shrunken JPM footprint in the US and with the number of New York, New Jersey and Connecticut employees laid off, relocated or... —  read more 

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Post ID: @ZLBx3gt

Automation

They spend millions trying to "automate" our jobs every year only to fail and then say "sorry no money for bonuses/raises" and still let people go. Why would any employee for this firm attempt to do anything but the bare minimum when they wish you... —  read more 

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| 931 views | |
Post ID: @10cCfQRM

Future of mortgage ops at Chase

Here's my opinion and feelings on the future of mortgage ops at Chase. Take them for what they are worth. 90% if not all of underwriting and processing will be done in Manilla within the next few years. This will include home equity and first... —  read more 

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Post ID: @ZG0Ry8I

Columbus jobs eliminated

We are given a soft notice that Jobs are moved to other locations in the US, India or Philippines and current employees have to train their replacements...completely demeaning. Not only that, we havent been given our formal 45 day notice yet so we... —  read more 

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| 1850 views | |
Post ID: @ZO8dn6z

Offshoring private data

As a Chase customer, the news that banking jobs are moving offshore concerns me. My concern is over the confidentiality of my banking information. Time to consider moving my accounts elsewhere.

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| 743 views | |
Post ID: @ZOJJSCA

Thursday Reaping

Several in risk/compliance were cut today in Jax, FL.

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| 1333 views | |
Post ID: @ZEjlC2U

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?

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| 1303 views | |
Post ID: @ZAOOtP6

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