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.

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 Wednesday, citing people familiar with the matter.