Thread regarding JPMorgan Chase & Co. layoffs

Not surprising. Just heard more cuts coming.

https://www.businessinsider.com/companies-with-the-least-happy-employees-wework-jp-morgan-2020-1

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Post ID: @OP+151C3wY9

6 replies (most recent on top)

I was told the planned May RIFS is now happening in September with the notifications made in July.

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Post ID: @fudn+151C3wY9

They closed many branches or staggered The hours they were open. I would be surprised if they would not look at how profitable they are.

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Post ID: @9doa+151C3wY9

The pandemic only affect real estates and credit card. Other lines of business should be safe from the current situation

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Post ID: @9rfa+151C3wY9

They are preparing to cut positions in the states and move them abroad. The shutdown caused the delay. Won’t be surprised if they time It to coincide when the announce earnings. It would offset market reaction to earnings loss or stagnation. Also, this pandemic will cause more branch closings as it forced many to turn to their self service product. (More job losses).

Problem with self service products, if you have a problem or there is a mistake, it takes 3 to 7 days to resolve it. Not a good customer experience.

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Post ID: @9ypc+151C3wY9

According to the article... the blind survey was done back in Dec and 69% of employees were unhappy... wonder what the number would be today

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Post ID: @opo+151C3wY9

What department?

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Post ID: @oml+151C3wY9

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