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JPMorgan Announces Layoffs Amid Record Income Growth

2/13/2025

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Summary

Story summary

JPMorgan Chase began layoffs impacting under 1,000 employees, with notifications starting last week and continuing into February.
Additional layoffs are scheduled throughout the year, with rounds anticipated in March, May, June, August, and September.
The bank employs over 317,000 people and has 14,000 job openings, highlighting ongoing hiring and relocation initiatives.
Despite the layoffs, JPMorgan reported a 50% year-over-year increase in net income.

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Story summary

JPMorgan Chase began layoffs impacting under 1,000 employees, with notifications starting last week and continuing into February.
Additional layoffs are scheduled throughout the year, with rounds anticipated in March, May, June, August, and September.
The bank employs over 317,000 people and has 14,000 job openings, highlighting ongoing hiring and relocation initiatives.
Despite the layoffs, JPMorgan reported a 50% year-over-year increase in net income.