JPMorgan: 120 jobs cut
JPMorgan has announced 120 layoffs in North Jersey, expected to take effect by the end of June 2026, citing AI-driven efficiency as a factor. The bank's CEO, Jamie Dimon, acknowledged that AI has displaced some workers while ensuring opportunities for redeployment. Overall, the company maintains a stable headcount of over 300,000 employees.
Conservative
120
Core Estimate
120
Upper Bound
120
Sources
JP Morgan Layoffs 2026 - The Bank That Said It Would Retrain Workers Is Already Letting Them Go - Unite To Win with Priti Patel
JP Morgan Layoffs 2026 - The Bank That Said It Would Retrain Workers Is Already Letting Them Go - Unite To Win with Priti Patel Close Menu Facebook X (Twitter) Instagram Facebook X (Twitter) Instagram Share jp morgan layoffs 2026 Jamie Dimon made a statement in front of analysts at JPMorgan Chase’s February investor meeting that the majority of executives in his position have carefully avoided for years. He addressed the group, saying, “We have displaced people from AI, and we offer them o