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.

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.

The layoffs are a part of the "regular management of the business", a spokesperson said, adding that the bank still has 14,000 open positions.