bail

Do we know if they are done with the layoffs started last week or can we expect more in the next few days?

https://finance.yahoo.com/news/inside-jpmorgan-trading-desk-u-080014057.html

This article is a good synopsis of what is going on in the banking industry right now. Expect headcount to be cut 5-10% at all banks. The reward for employees having been more productive working at home is getting fired. ... — read more 

Jamie Dimon and Larry Kudlie declared that the V shaped recovery is self sustaining and no additional stimulus is needed, He added, "we have a Mortgage boom, auto loan boom, construction permits boom, payroll increase boom, Weekly unemployment claims... — read more 

Break my butt for years at The House of Morgan and I get laid off as my thanks. Multiple MDs, EDs, and VPs let go today. Culture is lousy. Managers are lousy. Wasted a lot of years staying.

Now that the reaping has happened in GFCC, sources are saying cuts will continue in other departments. 5-10% reduction is anticipated.

Just heard from a friend who works at JPM, major layoffs happened today September 24,2020!

Large number of people being let go today. Here’s hoping some of us survive. 4 gone from my immediate team.

Plus he is our master, remember?

JPMorgan to pay 1B https://www.cnbc.com/2020/09/23/jpmorgan-to-pay-almost-1-billion-fine-to-resolve-us-investigation-into-trading-practices.html

https://www.telegraph.co.uk/business/2020/09/23/jp-morgan-set-pay-record-1bn-spoofing-fine/

GFCC Compliance Investigations RIF will be announced tomorrow or Friday.

long ago Jamie Dimon lashed out at U.S. government policy during the previous company's quarterly earnings conference, stating it’s “almost an embarrassment” being an American citizen traveling the world because of policies hindering business... — read more 

Nikki Acton, head of global liquidity solutions at JPMorgan is returning to Bank of America later this year as head of cross channel international sales. Jean Mah, an equity trading veteran who spent over two decades at JPMorgan

In some cases the bank kept moving illicit funds even after U.S. officials warned them they’d face criminal prosecutions if they didn’t stop doing business with mobsters, fraudsters or corrupt... — read more 

https://nypost.com/2020/09/21/north-korea-reportedly-laundering-money-through-us-banks/ LAYOFFS?

https://m.dw.com/en/fincen-files-big-banks-money-laundering/a-54995003 What about Jamie Dimon? will he be called upon The FinCEN findings JP MORGAN CHASE extensive international research on money laundering and financial crime. They show how... — read more 

A half a trillion by JPM alone to alleged militants, d–g traffickers and corrupt officials. How does Jamie get away with this time and time again? This place has been fined so many times it's insane. This guy must be pulling some uber smooth... — read more 

Layoffs or RIFs are supposed to be either this week or next. Has anyone witnessed or heard of anything happening yet? In my experience most often these types of things happen on Wednesdays....so I know this post may be a bit early.

Young and offshore resources are much better in value.

There will 100% be layoffs in CCB Digital, inclusive of NY metro. Not clear how many...maybe "only" 5% or so, but there is absolutely a Digital layoff list that the execs have. It's been around for weeks, but changes are still being made. I've heard... — read more 

We got caught red-handed yet again for having poor Ops and Compliance risk controls. When are the regulators going to start coming down harder on this dumpster? Dimon this just talking about will make it ok. This guy should be fired for this.

P.Morgan Chase cuts are likely to fall between 5 percent and 10 percent of current headcounts, Reuters quotes Alan Johnson, head of compensation consultancy Johnson Associates Inc., as saying. Johnson estimates that most of the cuts will come in... — read more 

Dimon thinks he can sidestep this by claiming it was discovered internal, I say BS we got red-handed. How does this guy get away covering this up so quickly and so often? And then he blames us. Total dirt bag.

https://news.efinancialcareers.com/us-en/3004413/h1b-visas-banks-tech-firms

I am hearing, not sure if fact or rumor, that JPMC is not hiring H1B this year and also they are not giving new internal opportunities to H1Bs if you want to change your project? I am on H1 and want to know if I will be impacted? I am seeing work... — read more 

VP Managers demoted in work responsibility to associate teams doing the SAME WORK AS ASSOCIATES No more No less while RETAINING their VP Manager Title and salaries? Should not the associates then be promoted to VP Managers since we are doing the SAME... — read more 

Many Managers, VPs and Execs are in charge of departments but know nothing about the jobs or work they oversee. They understand the concept and what THEY NEED TO DO, but don't know what the staff is actually responsible to do. When faced with the... — read more 

How often do they lay-off in a year ? Already 2 waves were done this year....

https://www.bloomberg.com/opinion/articles/2020-09-10/citigroup-beats-jpmorgan-to-shatter-wall-street-s-glass-ceiling-with-jane-fraser?srnd=premium

Has anyone heard on Oct layoffs ?

Once again money first, health second. Dimon and his jacked-up heart mean he's gone with his billion-plus in the next year or two. Other banks will eat this place alive shortly after. Time to start looking for an exit strategy now.

Outsourcing & Layoffs - shame on firm like this 16+ hrs of work in a day runs from India, 8 hrs shared among US & Argentina... Laying off employees during pandemic... Hiring all h1s.... What a shame.... does the top management ever feel that... — read more