JPMorgan Chase & Co. Layoffs

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Topics regarding layoffs at JPMorgan Chase & Co.

problems with electronic trading

a. there are way too many business and operation people in front office. b. too many tech debts which caused the fragmentation of trading systems c. need to use more open source or commercial products
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If you work for GTI get ready for another round!

They’re going to lay off more people soon. But let’s be honest... the service from Argentina s---s and everybody know it except for the clueless leadership in gti... actually they may not be so clueless... they may just not care. But they’re lying to... read more
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Incoming layoffs at JPMorgan

Lots of layoffs in 2018! Care to elaborate? I've seen similar posts in several threads on this board, but none of them give any actual info or sources, which makes them seem like alarmist trolling more than anything else. Is there any actual info you... read more
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1049 views | 5 replies (last )

Be careful with Chase

I tried a contract job as a pricing analyst there. Was suppose to be a 6 month contract with a potential to perm. I lasted two months. Why. It was a new client that just arrived at JPM. 40 people on team. I worked on money market pricing. 3 feeds 8... read more
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965 views | 4 replies (last )

Chase Layoffs 2018

Do you think that executives will make a decision to cut people in NYC.
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4th Q LAYOFFS

Morning Coffee: The 2017 pre job cuts have begun and they’re happening here and you will be reject you unfairly, when they announce bonuses in January, surplus staff are dismissed early in the New Year. That will be the time when the pink slips fly... read more
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1633 views | 5 replies (last )

October 26 layoffs at JPMorgan

Well they are in process of another lay off on 10/26/17 and they hold you hostage and refuse to give you a date of departure! They said because of business needs. They want to use you so when people take leave from all the stress and holidays they... read more
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1449 views | 5 replies (last )

Making ends meet

I was in tech for almost 2.5 years. I worked very hard but unfortunately I was laid off not too long before the hurricane. Life has been rough without income to pay rent. I resorted back to my college days dancing at the gentle men's club. It's tough... read more
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811 views | 3 replies (last )

Chase Outsources

I'm glad I retired when I did. Even in 2015 I was training people in Manila to do my job before I left. Chase outsources so many positions overseas.
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Commercial Credit Specialist

I was at the company for 20 years. I spent the last 7 years in the commercial card area as a credit specialist. The last 3 years at this company was nothing more than a nightmare. The management was not able to handle being audited. They were... read more
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Take off to be a caretaker, fired!!

My career at Chase lasted 4 years, my husband of a year was diagnosed with Leukemia, I took family leave to be with him as he died, my reward was to be terminated by Chase, losing his insurance coverage, my 401k, stocks, and JOB! Thanks a lot.....I... read more
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825 views | 1 reply ()

Nearly impossible to move up

Anybody actually managed to move up here who's not Ivy League? You can move around lateral positions, but upwards, not so much. So basically, the pay you get when you are originally hired'll stay pretty much the same until you either quit or you're... read more
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Mistreatment of employees

JPMorgan's treatment of their employees is among the worst I have encountered in my over three-decades long career. Employees are being degraded and devalued by their managers continuously, with no real recourse (HR is a joke.) I have seen many good... read more
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1026 views | 4 replies (last )

Laid off multiple times

I worked there for 35 years when they laid me off the first time. I received a severance package for 15 months and 2 weeks before it ran out they called me back for a different job in the bank. I worked for 3 more years and got laid off again when... read more
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999 views | 1 reply ()

"I'm against all outsourcing"

"I'm against all outsourcing": And one of the first things Dimon said after the Bank One merger was "I'm against all outsourcing" and proceeded to cancel IBM contract. My entire department was outsourced to Mumbai in 2008, 4 months before I was... read more
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858 views | 1 reply ()

Laid Off Twice, Now Retired

I worked there for 35 years when they laid me off the first time. I received a severance package for 15 months and 2 weeks before it ran out they called me back for a different job in the bank. I worked for 3 more years and got laid off again when... read more
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JPM Chase DFW Layoffs Two Years Ago

I was laid off in September 2015. About 1,000 employees were laid off at that time. The hits were fairly isolated to Global Technology & Infrastructure (GTI). At that point in time, GTI was about 50 Million over budget – hence the cuts, we kind of... read more
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GTI Screwing people again!

If they offered you a package and you didn't take it... it may be too late. Now GTI is outsourcing and will either off you a position as a contractor or they'll cut your position with NO SEVERANCE... because they offered you a job. What slimeballs.
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How many will be laid off due to Poland move?

Now that JPMorgan is opening an operations center in Poland with thousands of jobs being "created" there, when do you think we will hear of the next round of "completely unrelated" layoffs? Or do you think they will just continue doing what they have... read more
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852 views | 2 replies (last )

Bye JP, hello Google !

4 years working here, I’m taking my development skills to Google, It’s banks’ loss. I can work across Python, Spring, Java, Jenkins, Sybase and more. I know markets. I understand risk. I’ve been through the training programs and I understand what... read more
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862 views | 8 replies (last )

Phoenix is OVER!

Phoenix is done, they just hit a bunch of people even after management said we were "safe". Worst part about it its, these crooks make record profit and revenue every quarter and have since they were bailed out by US the taxpayers yet still find the... read more
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991 views | 2 replies (last )

9/11

Never forget
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Automation is coming, and it will cost jobs

It's all fine to say GTI automation is going to steal lots of jobs but to anyone who works in software testing, the big question is, who's going to make sure that the automation works well? Anyone who's ever worked on a software project knows that... read more
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798 views | 4 replies (last )

More layoffs for GTI

So they told us in June that they didn't think there wouldnt be anymore layoffs for the rest of the year but now they're saying there will probably be some more. GTI s---s and their head is so far up their own asses that they don't care. The upper... read more
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809 views | 4 replies (last )

Riddle me this...

ADP says American companies can't fill the roles out there with the limited number of Americans. Yet there's massive and chronic layoffs I call B S on this report The companies REFUSE to invest in training or work place education Has ZERO to do with... read more
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752 views | 7 replies (last )

Taking credit for somebody else's work

There’s nothing more infuriating than someone taking credit for your work. I see this more and More We lead a long overdue project to completion and our boss tells the higher-ups it was his doing. How should you handle these situations? Is it okay to... read more
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627 views | 3 replies (last )

Firing older employees for cheaper ones

In the department I'm in they fired a whole bunch of people in Phoenix/Tempe in July and hired a whole bunch of people to do the exact same work in Tampa. If JPMC thinks they can fire a whole bunch of people and pay people less to do the same job... read more
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1488 views | 10 replies (last )

JP Morgan layoffs in September?

JP Morgan Chase every year has been laying off top talented people, stating there is no work, and making people work over time with not paying them over time benefits. They lay off people around 64 years old, and with the company over 30 years. There... read more
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1813 views | 10 replies (last )

Lay Offs Not Performance Based

For years I was the best on my team. My skill ranks among the highest in Information Technology. My manager laid me off because he is afraid of my skills might be higher than his. I basically ran the team and was the brains. Lucky another team... read more
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1526 views | 9 replies (last )

July layoffs at JPMorgan

They just announced the 406 level employees are being laid off today for this department even after the director looked everyone in the face after getting wind of the original post on this site and said noone is losing their jobs. Lol these crooks... read more
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1691 views | 2 replies (last )

Anxiety and worry over potential job losses

Seems like a ton of anxiety and worry over potential job losses. I will give my best advice (whether you work at Chase or not) Corporations are not your friend, parent or caregiver. it is a transaction, not a 'relationship'. You provide a service in... read more
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1311 views | 3 replies (last )

Lewisville

A bunch of CSS reps in Lewisville were notified today. I'm sure more will come tomorrow.
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7/27/17

The next round to hit default mortgage will be 7/27/17. The are about to do another round and a bunch of restructuring. Hold on ladies and gentleman the ride is about to start.
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3639 views | 25 replies (last )

JPMorgan Chase Hiring Interns

JPMorgan Chase having been bringing in a lot of interns recently. I was informed by a senior management to teach and train them well. This is since the goal is to get rid of the seniority with high paying salary and replaced them with the young... read more
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1766 views | 6 replies (last )

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