Will there be any Chase layoffs? Any chatter, news or rumors?
10 replies (most recent on top)
@es7 I believe so. I know closing was affected as well. Not sure about processing - seems like they are wanting us to conform to them
@9vh that layoff was true underwriters in Tempe where impacted
Well some lay-off happen today. In home lending managers an underwriter 20% of underwriting was affected today. Underwriters and UW managers
Why do you want to work in a toxic environment? Too big of an organization and you are a number. Go find a better gig as this place is high stress, high anxiety and the environment is depressing.5
Every week there’s a new date, and then someone comes on saying they were laid off but never gives the actual area. Last time we had a major layoff, people provided real areas of work, so we knew it was true. Now you guys are just blowing smoke up everyone’s a-s and stressing people out.
I hope that it's me.
Yes, according to our layoff analyst. What our analyst doesn't tell us that while Q1 ends on March 31st there were only 1000 positions eliminated in February according the news articles.
No big layoff
45 days before March 31st is Feb 14th which is the similar timeline of when this years layoffs occurred. Why 45 days? That is the notice period.
I would pencil this date in your calendars or at least the week of Feb 9-12.
Yes, the signals are here. Hiring freeze, layoff rumors from managers, MDs asking to upskill. Marco challenges in the market such as tariffs, HB1 Visa fees, JPMC branches are mostly in cities and college towns so payment processing transactions are up so this causes some disorientation to what is happening. Rural area folks are not banking with Chase, but more so PNC, RBC, Truist, BMO, etc, so chase doesn't have data on those folks who are struggling. No backfills, lots of Gs in performance reviews. History of layoffs in Q1 like this year follow by Goldman and Morgan Stanley. Q3 Earnings call where auto defaults are rising, but mentioned that really poor people data is not available for such as reasons like the one I mentioned so CFO didn't understand the issue when pressed. Jaime blamed on other firms having bad underwriting standards. Last thing will be that it is bad practice to layoff in December, but HR is getting aggressive in firing people for not being in the office. That is why you don't hear layoffs in the news right now.