JPMorgan Chase has initiated layoffs affecting fewer than 1,000 employees across several Houston offices, with notifications sent on February 5. This action is part of a broader strategy that includes additional job cuts planned throughout the year at various intervals. A company spokesperson stated these layoffs are due to regular management assessments necessary for adjusting staff to meet business needs, despite the bank having approximately 14,000 job openings. They aim to hire in many areas while also working to redeploy impacted employees, amidst a backdrop of record profits in 2024.
JPMorgan's recent layoffs, under 1,000 employees, reflect ongoing staffing adjustments, with further cuts anticipated throughout the year per their periodic business evaluations.
A spokesperson emphasized the importance of aligning staffing with business needs, stating the bank regularly reviews roles to either create new ones or reduce positions.
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