Thread regarding JPMorgan Chase & Co. layoffs

Chase Layoffs 2020

This is a generic discussion thread to capture comments about potential Chase Layoffs 2020? Any news or rumors?

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Post ID: @OP+125QdEK8

16 replies (most recent on top)

Chase is a terrible place to work. The upper management are egomaniacs and if they were laid off could not get a job cleaning toliets. They discriminate against minorities and older workers.

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Post ID: @1lhtm+125QdEK8

Manilla has took the majority of Home Lending and Servicing Quality Control work.

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Post ID: @1lycl+125QdEK8

lot of folks in CT - treasury was let go yesterday. Very sad

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Post ID: @1jton+125QdEK8

It’s COB here in Wilmington. They haven’t come for me yet.

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Post ID: @1izli+125QdEK8

I also work for Chase, witnessed immediate layoffs in October only to have remaining staff work overtime. Makes zero sense. Automation will soon take over everything. Shareholders get richer and displaced employees have to survive on $247/week in unemployment. Shame shame

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Post ID: @1hrgh+125QdEK8

https://www.bloomberg.com/amp/news/articles/2020-01-28/jpmorgan-plans-to-cut-hundreds-of-jobs-across-consumer-division

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Post ID: @1acba+125QdEK8

YES! Layoffs yesterday & today in the Asset & Wealth Management division. Less than 2 years ago, a middle level of Management was added. As of last Friday, that level was removed. “Hello!” Did we need highly paid workforce strategist to tell us that middle management NEVER survives.

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Post ID: @15xmy+125QdEK8

Big cuts in CCB coming in March, I'm a vp in Columbus and have heard some cuts will be as deep as 40% headcount in certain functions. Across the board, not isolated to a specific area.

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Post ID: @Qesw+125QdEK8

Right before our Department Christmas party my 3 up manager had a meeting and finally admitted that the team in Manilla is going to eventually be trained to do our jobs. They tried to put a positive spin on it and keep referring to the team in Manilla as our "neighbors" who we need to help out. We are starting to see some of the work coming from Manilla, and there are a lot of mistakes. Unless they officially add training people in Manilla to my job description I will not participate in correcting their mistakes.

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Post ID: @Cqhb+125QdEK8

Has anyone heard about more jobs being sent to the Philippines? More m & more departments are being eliminated in America yo be sent to the Philippines so they can pay less.

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Post ID: @qnne+125QdEK8

Massive amounts of Loans being service transferred to other mortgage companies. All government loans being transferred by January. Looks like January timeframe is spot on.

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Post ID: @2bds+125QdEK8

You must be a news reporter because you have the exact same thing posted to the Bny Mellon lay-off thread, the Wells Fargo thread, and the Pnc thread just to name a few

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Post ID: @1wjr+125QdEK8

Why do you think you are being asked to close your year end review this year earlier than usual?

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Post ID: @1pts+125QdEK8

Chase Auto will be shutting down their Wilmington, DE office sometime in early 2020.

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Post ID: @pkn+125QdEK8

Budget for 2020 is being cut a minimum of 5%.

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Post ID: @ipi+125QdEK8

Yes layoffs coming in January and March

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Post ID: @qsk+125QdEK8

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