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JPMorgan Chase begins planned layoffs for 2025, source says

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JPMorgan Chase started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday, as it begins one of several planned reductions this year.
JPMorgan Chase has started laying off employees, with plans for further reductions, as reported by Barron's on February 12, 2025. The layoffs are part of the bank's strategy to manage costs and adapt to economic conditions. The bank has not disclosed the exact number of job cuts but has confirmed that the layoffs are occurring across various departments. This move comes amidst a broader trend of financial institutions adjusting their workforce in response to economic pressures and shifts in market demands.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/jpmorgan-chase-begins-layoffs-with-more-planned-barrons-reports-2025-02-12/ ]