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JPMorgan Chase begins planned layoffs for 2025, source says | Honolulu Star-Advertiser

  • JPMorgan Chase has started laying off under 1,000 employees, as reported by Barron's.
  • The layoffs affecting employees occurred in Houston offices, with notifications on February 5, according to Barron's.
  • JPMorgan Chase reported a substantial net income of $14 billion for the fourth quarter of 2024, marking a 50% increase year-over-year.
  • Further layoffs are planned for March, May, June, August, and September; the number of roles affected is unclear, as stated by Barron's.
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Portfolio.hu broke the news in on Wednesday, February 12, 2025.
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