Thread regarding JPMorgan Chase & Co. layoffs

Jamie says employees will come before shareholders.

Let’s see what happens when we miss one or two quarterly estimates.

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Post ID: @OP+10CCjKqc

7 replies (most recent on top)

Rubbish, we have heard management saying employees are most valuable Intangible assets then u-turn in a week with layoffs regardless of performance.

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Post ID: @ayvv+10CCjKqc

Hahahahahaha.

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Post ID: @2xkf+10CCjKqc

This is in reference to the "Statement on the Purpose of a Corporation" issued by Business Roundtable, a group of 200 US CEOs on Monday. ( https://opportunity.businessroundtable.org/ourcommitment/)
The statement talks of commitment to stakeholder. A stakeholder is a person or entity affected by the company's actions, including employees, customers, suppliers, shareholders, and the community it serves.

This emotional intelligence is working well today for shareholders but how will it work in a recession. How well will the shareholders agree with the statement when earnings shrink?

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Post ID: @2xuo+10CCjKqc

If employees come before shareholders then why do we have shareholder meetings and proxy voting? I don't see employee voting.

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Post ID: @1zfd+10CCjKqc

Final rollout of mortgage call center coming soon. All mortgage loan officers will be let go. This is nationwide.

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Post ID: @1nek+10CCjKqc

Mortgage rif the 2nd week of September

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Post ID: @1oke+10CCjKqc

That’s a Lie! Why is Brian Sorenson still laying off MUCH NEEDED SUPPORT??! Sorenson and GTI wreaked havoc on tech. Decimated jobs and have horrible metrics. He’s gotta go. Revamp gti to make it about the customer now about the number

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Post ID: @nwu+10CCjKqc

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