JPMorgan has initiated layoffs affecting fewer than 1,000 employees across “several” Houston offices, with more job cuts expected in mid-March, May, June, August, and September. The bank cites regular business needs for the layoffs, despite having around 14,000 open roles and record profits in 2024. JPMorgan aims to redeploy impacted employees while continuing to hire in various areas, as confirmed by a spokesperson and a report by Barron’s and Reuters.
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