JPMorgan earnings fell short of analyst expectations as the bank built reserves for bad loans by $428 million. Shares of the bank fell nearly 5% in trading Thursday, hitting a fresh 52-week low. Chairman and CEO Jamie Dimon warned... — read more 

Can anyone tell me how a manager from a totally different department is qualified to manage a team or teams in a new department in which they know nothing about ?

Whatever I read, it's not good news. Some analysts are already making price-target cuts and others are poised to follow. My biggest concern is how this will affect employees if the results are even worse than expected. Could we be looking at another... — read more 

Still tries to enforce implementing ID tracking. Still didn’t learn that the harder you hold a grip on the sand, the easier and less sand you will left in your hand https://finance.yahoo.com/news/jpmorgan-chase-staffers-complain-being-192241949.html — read more 

What happened? It was a decent place to work for years and then suddenly it completely changed. Now it feels like it's in a competition for the most toxic work environment and culture, along with managers. I can't help but think it's strange how... — read more 

all I get to do is collections on defaulted accounts. I had no idea the group was so bad. I need to leave asap.

Every time I keep hoping to see that my name is on that list and I keep getting disappointed. I want out. I'm done with this place. I have been done for a while. But I want them to pay me to leave, after everything I've had to put up with in my... — read more 

I don't think there are many realistic options. My morale would only improve by me getting out of here.

Someone commented in one of threads below that there are more lay offs coming next week. Anybody hear anything??

So Sean G. finally addresses those remaining. He seemed rushed and unprepared. No real focus to the call, but it definitely seemed like a warning call that the business this time around is a real problem (it is) and with the competition and state... — read more 

If the criterion is, as they say, the sudden and big drop in the volume of business, then I know for a fact that many other parts of the company are also facing a big drop. What could be the part of the company that is in most danger of layoffs... — read more 

How would a person on leave know if they’re going to be laid off when they return?

They walk all over her. She is covering her desk, plus 4 people who are out sick in addition to assuming some of the responsibilities of 2 people recently let go. The new supervisor keeps telling her can you stay later? Later than the 10 hours she... — read more 

If I am reading this correctly, they are giving 10 weeks minimum pay. Am I correct? Pay to august 6th and if I don’t find a job with in the form an another 4 weeks….

Now I regret that I even tried to do my best here. How do you feel after being informed that you are no longer needed here? I hope to find something else soon, but Chase will not be a fond memory because I think the way these layoffs were... — read more 

Now that layoffs are happening and now that most of us (who were not affected yet) managed to see them first hand, could anybody tell if there was any pattern to the layoffs in terms of what group of employees got cut. Are we talking mostly about... — read more 

I’m not affected, or at least not yet. How many people have been moved to different divisions? I believe that in most cases it is a big downgrade, am I wrong?

Any software people getting fired? been hearing alot of firings but not sure what positions

Take a deep breath and relax...until the next week when there'll most likely be more. And then the next week and the week after that. If you think this is done, you are incredibly naive. This is just a start and we'll be seeing much more of the same... — read more 

Any word on how they’re faring?

Do you think this is it? Or, do you think they (execs/mgmt) will be back at it once they realize that the recession is worse than expected and that nobody is getting mortgage / refi any more? I have exposure to our weekly #s and it's not looking good... — read more 

To Card Services department: Most of us from Home Lending transferring to Card Service With the interest rate rising Are your super busy?

So whoever’s left and not laid off do we go to credit cards? Or just back to normal until it’s our turn next this isn’t getting better anytime soon imo

It'll get even worse. Mortgage applications fell to a 22-year low last month, the management is reacting right now. If they raise interest rates for two additional percent (they will have to in order to tame inflation) you'll be looking at 7% or 8%... — read more 

Several members on the refinance side including senior management have been let go.

The New York City-based firm is laying off hundreds of home-lending employees and reassigning hundreds more this week, Bloomberg reported. More than 1,000 employees will be affected, with about half moved to different divisions within the company.

Has AZ been hit yet?

https://www.reuters.com/business/jpmorgan-lays-off-hundreds-mortgage-business-bloomberg-news-2022-06-22/

Are they the same as what they were in the last round?

People being walked out.

Home Lending Origination employees receiving emails for a 1030 EST meeting away from sales floor in Columbus.

What do they look for when deciding if you’re staying or going? I really hope I can skirt by this next wave of layoff’s/transfers.

NOTHING of significance happens today.

Tomorrow is the next wave they were setting up chairs on the lunch room for the town hall meeting tomorrow.

I can't sleep because I can't stop worrying about what might come in the next few days. I think the fact that the job market is no longer as good as it was for employees is only making things worse for me. Is there any way to know if layoffs are done... — read more 

The problem is that there is almost no mortgage business / leads being generated by the branches at this point. Refi is dead and will be for years. The competition for purchase business is fierce given the amount of players in the game now, and... — read more 

Let's consolidate what we know in this thread.

Any purchase ccs on here experiencing movement?

Who will be left standing? Chase has to make a fundamental decision about where they go with mortgage going forward. There will not be enough business to go around for all 3. My guess is they keep field HLA's in only the largest branches in Large... — read more