JPMorgan Chase announces layoffs in Jersey City; total New Jersey cuts reach 632
1 report, 1 independent
Updated Tue 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
JPMorgan Chase announced layoffs of 91 people at its Jersey City office. This brings the bank's disclosed New Jersey job cuts this year to 632. The bank stated it still employs more than 12,500 people in New Jersey and has about 850 open positions.
From nj1015.com
Why it matters
The job cuts at JPMorgan Chase are part of a larger trend in New Jersey. State Department of Labor filings tracked by Jersey Talks show that 120 layoff notices have covered 14,742 New Jersey workers so far this year.
From nj1015.com
Who's involved
- JPMorgan ChaseConducting workforce reductions in Jersey City
- New JerseyThe state where the layoffs and employment figures are reported
- Jersey CityThe city in New Jersey where the layoffs are occurring
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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JPMorgan Chase
American multinational banking and financial services holding company
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New Jersey
state of the United States of America
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Jersey City
city in New Jersey, United States
Related events
- JPMorgan Chase is currently tracking account holder withdrawals.
- Investment banks, including JPMorgan Chase and Goldman Sachs, are establishing major offices in Dallas, Texas.
- Jamie Dimon is the CEO of JPMorgan Chase.
- Major financial institutions, including JPMorgan Chase, are reporting their earnings this week, as covered by CNBC.
- Jamie Dimon, CEO of JPMorgan Chase, commented on the prioritization of AI firm-wide and referenced Google's success in the dot-com era.