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JPM-JPMORGAN CHASE & CO

JPMorgan Chase Plans Layoffs of Fewer Than 1,000 Employees While Maintaining 14,000 Job Openings Amid Record Profits

Thursday

20 February, 2025

JPMorgan Chase is navigating a complex landscape with planned layoffs of fewer than 1,000 employees, even as it maintains a robust hiring strategy with 14,000 job openings. How does a record profit year coexist with workforce reductions in a thriving economy?

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Key Takeaways
  • JPMorgan Chase achieved record profits in 2024, showcasing effective workforce management alongside growth initiatives.
  • The bank plans to expand its branch network by 500 locations, emphasizing its growth strategy.
  • CEO Jamie Dimon expresses confidence in Wall Street's future and the bank's hiring plans with 14,000 job openings.
  • The resurgence in investment banking and trading reflects strong client confidence and market demand.
  • JPMorgan's strategic adaptability and solid market standing enhance its appeal as an investment choice.
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