JPMorgan Chase reportedly to start rounds of layoffs
Published On Feb 12, 2025, 2:55 PM
JPMorgan Chase is set to conduct several rounds of layoffs affecting less than 1,000 workers this year as part of regular management decisions. The company has stated that it regularly reviews its business needs and this adjustment won't drastically affect its overall workforce of 317,000, which recently saw an increase with over 7,000 new jobs added. Layoffs are scheduled for multiple months throughout 2025, but the company maintains it will continue to hire in other areas and has around 14,000 open positions.
Stock Forecasts
JPM
Negative
The announcement of layoffs can sometimes lead to negative market reactions, particularly for investor sentiment surrounding the company's growth approach. However, JPMorgan's strategy of maintaining hiring in certain areas and adding jobs previously may balance this. If the layoffs are truly minor and the company remains strong on profits and asset management, the negative impact might be mitigated.
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