Why does JP Morgan dump $79,000,000 into the failing ITT Tech (ESI) to pay off a debt to the US DoED? I know that it's pocket change for management, but it's still a chunk of change. Is JPM making lots of bad bets like this?... — read more 

What do you think?

Confirming what someone else posted below. This is really bad and will affect hundreds of people. Most of the ABMs were working probably the hardest in the whole branch, long hours, etc. This is really shameful and bad reputation for Chase. There was... — read more 

Nobody cares about you - your pay sucks anyway, why would you not leave. I will be out by Jan 2015.

JPMC is more concerned with political correctness than in running a business. The majority of people that were laid off in Tampa were white, middle aged, American born males. In recent years, JPMC has made front page news because of security breaches... — read more 

I am sure it was in 1000s total in Mortgage Banking

did anyone mention the layoffs in APAC? HK? yeah, the number is growing.

Small cuts here and there, but when you add everything up thousands of people and families are affected. This happens at Chase all the time.

Does someone have a list of locations and positions affected by the latest round of layoffs. Specifically I am interested in Chase layoffs 2014 only, I know that there were multiple round of cuts at Chase and that JP Morgan is affected too - however... — read more 

Does someone have the full list of Chase bank branches that will be closing in 2014 (and 2015). I would appreciate any response here.

Pretty much all time - do not get too relaxed here - it'll catch up with you sooner or later

The continous cuts are not a secret, we had a PR release noting that we will be cutting our total headcount for 3rd straight year to slightly over 260,000 in 2014 - that's 4K down from 265,000 in 2013, the cuts will mostly come from Consumer and... — read more 

Think twice before going to work for JPM - to start off, our salaries aren't that good, bonuses are average, your career development is left to you, nobody cares about you. Benefits are substandard, 401K is fair, yet health benefits seem to get more... — read more 

That is why it's better to stay removed

and this is just our beginning - downsizing at JPMorgan will continue and we are one of the biggest employers in Lewisville

Chase is closing some locations in California and Arizona - I am not sure what's going on in Corporate but I know that there will be branches closing fairly soon. Chase has done this before and will do it again - 2014 will be very similar to 2013 as... — read more 

If you've been with JPM long enough you know this is nothing new to us - we go through cycles and things are moving down right now. Chase is very similar, they are used to layoffs too. When you look at the sectors affected you'll notice that the... — read more 

Almost 10,000 people will be cut in 2014. Hits are on the consumer and community banking side - the interest rates are doing up and there will be less loans to be provided here. Compliance will be hit too. We still have 250,000 employees though, but... — read more 

We know what's happening today and what's planned

Business Project Managers/PMO - Asset Management are under review. That's all what I heard, I do not know how serious or valid this is. Also, we always have layoffs on the trading side.

Any news on this - I hear that big cuts and reorg is immanent? Any news?

What to expect next year? I do not to speculate right now but I hear many rumors that IT group will be hit big time and that there are major outsourcing deals that are being discussed right now. Our executives are unpredictable but it seems that we... — read more 

Four thousand of JPMorgan's job cuts are expected this year, and some 13,000 are expected from its mortgage unit in 2014. CEO Jamie Dimon tried to underplay the layoffs, saying, "No one at JPMorgan ever, ever worries about losing their job because... — read more 

All right! I didn't get laid off! Commercial banking analyst who loves using J.P. Morgan Chase on his resume but does not pass out business cards because they just say 'Chase' and make him look like a bank teller.

A close friend of ours got laid off this week. She's a single mother who has supported her kids for ten years on a fifth-tier Wall Street paycheck, despite the worst efforts of her deadbeat ex. If she doesn't find a comparable job within 6-12 months... — read more