Not sure why no posts here but there are layoffs at JPMC Custody Services. Some folks with very long tenures were let go which leads me to believe they wanted to go after better paid resources - and this will continue as we are in a race to the bottom where quality becomes secondary and contribution to the bottom line becomes irrelevant. Not smart for any long term play, but JPMC has done things like this below and nothing can surprise me any more.
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Keep it low, no one need to know , stealthy RIFs allover the map,the JPMC way
they are flooding this place with H1B visa holders, in other words cheap labor