JPMorgan Chase Eliminating Hundreds of Jobs in February

What’s going on at JPMorgan Chase?

JPMorgan Chase (JPMorgan) has kicked off one of its several planned workforce reductions in 2025 — eliminating hundreds of jobs in February.

According to reports, the bank is cutting fewer than 1,000 roles while it has 14,000 open positions.

“We continue to hire in many areas and work hard to redeploy impacted employees,” a spokesperson said — adding that moves like this are part of the “regular management of the business.”

JPMorgan didn’t provide details on when the next planned workforce reduction will take place.

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Impact on Canadian staff

Samfiru Tumarkin LLP is working to determine if Canadian employees at JPMorgan have been let go.

According to LinkedIn, the bank has more than 600 workers in the country.

📺 WATCH: Everything You Need to Know About Mass Terminations

Lost Your Job? Get Help Now

📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.

Our experienced employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.

If you’ve lost your job at JPMorgan for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.