JPMorgan Layoff 2025: Another Shock After Infosys Layoffs

The American global bank JPMorgan Chase, according to reports, has started notifying employees of redundancies as part of a wider reduction program that would extend to 2025. JPMorgan is expected to carry out a series of layoffs across 2025, beginning with the February firing, according to a Barron's report. Houston offices were the initial ones to release their staff when the company started notifying its US staff of the move in early February.

JPMorgan Layoff employees: To be fired by mid-March, May, June, August, and September

According to the report, additional JPMorgan employees will be out of work by mid-March, May, June, August, and September. The number of employees that the banking firm would lay off by December, however, was not known. Following Barron's, which referenced individuals who were informed about the matter, JPMorgan Chase executives have started to notify employees. Less than 1,000 workers will be dismissed in February, and announcements of layoffs will be made by mid-March, May, June, August, and September.

A representative of the bank responded to Reuters by email that "we regularly review our business needs and adjust our staffing accordingly." "We continue to hire across a range of disciplines and make a very best effort to redeploy impacted staff members. This impacts very few individuals and is part of our day-to-day business management."

JPMorgan is recruiting for nearly 14,000 vacant positions along with layoffs

The job cuts would account for 0.3% of the bank's total staff, which totaled 317,233 as of the end of 2024. The operating climate for the banking sector has picked up considerably, Reuters reported. As far as assets are concerned, JPMorgan, the United States' biggest lender, posted its record annual profit in 2024. JPMorgan Chase says there need to be changes in order to effectively create new jobs. Company executives explained to Barron's that more jobs could only be created if some jobs were cut. The company is recruiting for nearly 14,000 vacant positions in the wake of the announcement, and officials said that at least part of the "impacted employees" would be redeployed. According to the bank's spokesperson, efforts have begun to reassign affected employees, and changes are required for the creation of new roles. This choice was made at the same time as JPMorgan announced record earnings for 2024, showing solid financial success in the face of an improving banking industry environment.

Infosys is laying off 500 new employees

Infosys, a big company in Mysore, made news for letting go of nearly 500 new employees. Some of them were women and people from other cities. They were asked to leave the office by the end of the day and were not given time to find a place to stay for the night. Since many were far from home, people on the internet thought the decision was unkind and unfair.

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