JPMorgan Chase (JPM), the world’s largest bank, has begun widespread layoffs a month after posting record annual profits. Maximize Your

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.

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.