JPMorgan Chase started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday, as it begins one of several planned reductions this year. Fewer than 1,

(Reuters) -JPMorgan Chase's managers began notifying employees of job cuts last week as part of a series of layoffs the bank plans to make throughout 2025, Barron's reported on Wednesday, citing people familiar with the matter.

JPMorgan Chase & Co. (NYSE:JPM) initiated a series of job cuts, with some U.S. employees being informed of their layoffs on Sunday, according to Barron's. The layoffs, which have impacted staff in the Houston offices,

Managers at JPMorgan Chase started to notify employees of job cuts last week, people familiar with the matter said, as part of a series of layoffs the bank plans to make throughout 2025. Some employees in the U.