JPMorgan’s (JPM) managers began notifying employees of job cuts last week as part of a series of layoffs the bank plans to make throughout 2025, Barron’s Rebecca Ungarino reports, citing people familiar with the matter. Fewer than 1,000 employees are going to be laid off in February, according to the report, adding that the bank is planning to announce more cuts in mid-March, May, June, August and September.
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