The layoffs are a part of the "regular management of the business", a spokesperson said, adding that the bank still has 14,000 open positions.

JPMorgan Chase (JPM), the world’s largest bank, has begun widespread layoffs a month after posting record annual profits. Maximize Your

JPMorgan Chase has several rounds of layoffs coming this year, and some workers at the company have apparently started being told they will lose their jobs, according to Barron's.

Many speculate that JPMorgan Chase layoffs in 2025 could just be the beginning of long-term plans to enforce policies to reduce costs.

JPMorgan Chase (JPM) started notifying employees of job cuts last week, as part of its plan to trim staff throughout the year, according to a media report, fitting with the company's stated goal of keeping its headcount flat.

JPMorgan Chase has commenced the initial phase of its planned workforce reductions for 2025, notifying fewer than 1,000 employees of layoffs in February, as reported by Barron. This was stated in a report by Business Standard.