#california

JPMorgan Chase, which reported $15 billion in profit last quarter, is cutting 99 jobs in San Francisco even as it expands its presence downtown.

The bank disclosed the layoffs in an Aug. 27 filing with the state of California.

https://www.sfchronicle.com/bayarea/article/jpmorgan-chase-san-francisco-layoffs-21020377.php

Van Nuys Office worker reduction happening or is it just a rumor? Commutable employees were relocated at the end of July and now all the other employees are sitting waiting to hear what happens next and be able to move on with their lives. Anyone have news on when this might happen?

Why 'serial layoffs' are a new job-market norm for workers

Serial layoffs become common, impacting employee trust and morale. AI's role in job cuts grows, leading to longer unemployment for affected workers.
https://www.bizjournals.com/sacramento/news/2025/08/26/serial-layoffs-are-a-new-job-market-norm.html
The Business Journals
Aug/26/2025 05:24 PM
Location: Sacramento, California

There are a couple of new stories out of California today.

1. Phillips has settled a wage theft case for ~$12 million. This involves requiring employees to dress out early without being paid, deducting pay for lunches even when the lunches were interrupted or not even started at.
2. The LA Refinery is “sitting on a lake of oil” from leaks over the years. So who is going to buy this land for redevelopment knowing this? It looks like P66 could have been money ahead by spending the money to make it competitive and continuing to operate it. Now they’re going to be paying for many years to clean it up.

When a company states that it will expand its footprint in an area with a new facility and consolidate 2 sites (Emeryville and San Diego) into one single research site, then something has to give. It won't be the leadership, but everybody else will be on the chopping block in 18-24 months. It is going to be painful for Novartis folks in California!

Was there some massive layoff? All the union folks are gone from their sections.

Is it true that in CA the last day of employment is 60 days from the day of receiving notification ?

For those who have already taken AEOI, EOI, or been laid off, I understand that you receive a list showing some demographic info about those who have left CVX.

I’m curious if that info show the location of the employees. Especially for those who were laid off, I would love to see the breakdown by San Ramon vs. Houston. I am starting to think that San Ramon employees have been unfairly targeted for layoff (so, given similar candidates, the Houston employee is the one selected).