JPMorgan Chase begins planned layoffs for 2025, source says

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JPMorgan Chase begins planned layoffs for 2025, source says

//business-finance.news-articles.net/content/202 .. begins-planned-layoffs-for-2025-source-says.html

Published in Business and Finance on Wednesday, February 12th 2025 at 15:40 GMT by Reuters

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
🞛 This publication contains potentially derogatory content such as foul language or violent themes

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/ ]