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
Dimon Says AI Has Reduced Jobs in Some Areas by 40% - Business Insider
Dimon Says AI Has Reduced Jobs in Some Areas by 40% - Business Insider By Alice Tecotzky You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Follow JPMorgan reported second-quarter earnings on Tuesday. Bloomberg/Getty Images 2026-07-14T14:18:58.031Z Share Copy link Facebook WhatsApp X LinkedIn Bluesky Threads Save Saved Listen to this story JPMorgan has been able to cut jobs by as much as 40% in some parts of the bank thanks to AI, CE