Managers at JPMorgan Chase started to notify employees of job cuts last week, people familiar with the matter said, as part of a series of layoffs the bank plans to make throughout 2025.

The layoffs are expected to go into effect in May, according to a WARN notice with the New Jersey Department of Labor. JPMorgan Chase — considered the nation’s largest bank — had plans to ...

The layoffs are part of an annual process to cut under-performers. However, deal volumes have also fallen below expectations ...

Need a break? Play the USA TODAY Daily Crossword Puzzle. More Chase news: JPMorgan Chase begins planned layoffs for 2025, source says The rollback of remote working policies has prompted groans ...