JPMorgan Chase reportedly to start rounds of layoffs

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JPMorgan Chase reportedly to start rounds of layoffs

//business-finance.news-articles.net/content/202 .. chase-reportedly-to-start-rounds-of-layoffs.html

Published in Business and Finance on Wednesday, February 12th 2025 at 18:20 GMT by AOL
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

JPMorgan Chase has several rounds of layoffs coming this year, and some workers at the company have apparently started being told they will lose their jobs, according to Barron's.

- Click to Lock Slider

JPMorgan Chase is reportedly set to begin a new round of layoffs, with the first wave expected to impact around 500 employees in its mortgage division. This move comes as part of the bank's strategy to streamline operations and reduce costs amid a challenging economic environment. The layoffs are part of a broader initiative to adjust to lower mortgage volumes and increased competition in the financial sector. Employees affected by these layoffs will receive severance packages and support in finding new employment opportunities. This action reflects the ongoing adjustments many financial institutions are making in response to economic pressures and shifts in market demand.

Read the Full AOL Article at:
[ https://www.aol.com/finance/jpmorgan-chase-reportedly-start-rounds-195521846.html ]