JPMORGAN Announces a layoffs this Feb 2025 and also expected more cuts. Recently an Announcement by JPMorgan about Layoffs in Feb and Expected More Cuts
Although achieving record profit in 2024, JPMORGAN Chase planned a layoffs as part of workforce management strategy. The bank have already started informing employees about this . Its said that for now less than 1000 employees will be effected and its a beginning with further layoffs.
Layoffs include several offices located in Houston. they also mentioned further cuts will be there in March, May, June, August and September. They have not disclosed total number of positions will be reduced.
JPMorgan achieved its highest-ever annual profit, benefiting from a favorable operating environment in 2024. with this positive result bank has decided to reduce workforce. With this positive result bank has decided to reduce workforce.
This announcement has left many employees distressed, raising concerns about rising commuting costs, childcare difficulties, and potential effects on mental health. The growing discontent has sparked discussions about unionization within the bank, as employees look for collective solutions to address their grievances.
For now employees are in hybrid work and they need to return for offline mode pattern. This decision has been met with criticism from employees concerned about the implications of a mandatory return to the office.
source: Barron’s
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