Yes, JPMorgan Chase is conducting layoffs in 2025 as part of a planned, ongoing restructuring of its workforce, with rounds of job cuts scheduled throughout the year.
JPMorgan Chase is planning a fourth round of layoffs at its Jersey City offices in 2025, the nation's largest bank said in public filings.
The list of companies laying off employees this year is growing. Layoffs and other workforce reductions have continued in 2025, following two years of significant job cuts in the tech, media, finance, manufacturing, retail, and energy sectors.
JPMorgan Chase's lower profit and unexpected drop in investment-banking fees led to a 4.2% share decline and a 1.8% fall in the financial sector.
Eligible executives receive severance equal to twice their current base salary, paid over 24 months, with possible additional discretionary payments. Stock awards may continue to vest or become immediately exercisable, depending on retirement eligibility.
Here are the signs that layoffs are being planned somewhere in the building.
The boom started to dwindle in 2023, when Deloitte, EY, and KPMG made staff cuts. PwC US followed suit, laying off around 1,800 people in October 2024 and 1,500 more in May 2025.
Theoretically, it's better if you resign because it shows that the decision was yours and not your company's. However, if you leave voluntarily, you may not be entitled to the type of unemployment compensation you could receive if you were fired or laid off.
For some zealous writers and analysts, 2025 has been the year of the recession. With more than one million job cuts in the US, as well as October ranking as the worst month for tech layoffs in more than 20 years, it's easy to see why – on the surface at least.
JPMorgan layoffs: Key dates & insights
February 2025: JPMorgan is reportedly eliminating hundreds of positions as part of a planned workforce reduction. May 2023: JPMorgan reportedly cut approximately 500 jobs — mostly affecting technology and operations roles.
In May, the financial institution signaled it would eliminate 63 jobs, effective Aug. 4, 2025. The latest move follows two previous filings from JPMorgan Chase Bank in 2025.
It's usually based on the employee's salary. The typical severance pay employers provide is one to two weeks for every year the employee worked, but the employee's rank can play a role in how much you offer. Upper management employees might get a higher severance pay amount, for example.
The "Rule of 70" in layoffs isn't a universal law but a common, informal company policy where an employee becomes eligible for enhanced severance or retirement benefits (like early retirement, better healthcare) if their age plus their years of continuous service total 70 or more, often requiring them to be at least 55 with 10 years of service. While Jack Welch's 10% Rule (firing bottom performers) is different, the Rule of 70 helps companies structure generous packages for long-term employees during restructurings, potentially avoiding age discrimination claims by offering attractive terms for older, experienced staff facing layoffs.
Analyst Future Growth Forecasts
Earnings vs Market: JPM. PRC's earnings (3.5% per year) are forecast to grow slower than the US market (16.1% per year). High Growth Earnings: JPM. PRC's earnings are forecast to grow, but not significantly.
The Federal Deposit Insurance Corporation (FDIC) protects your deposits up to $250,000 per person, per bank, so most people don't need to worry. Of course, It is always wise to have a plan, just in case.