JPMorgan Chase Layoffs ● Effective May 21, 2026

📍 2 states with filings 📄 8 total WARN notices 👥 686 workers affected

JPMorgan Chase has filed 8 WARN notices across 2 states, affecting 686 workers. Most activity is in Jersey City and San Francisco. Filing dates range from Jun 24, 2024 through Mar 23, 2026. JPMorgan Chase provided an average of 7 days notice before the effective date of these filings. Jersey City accounts for 78% of affected workers.

Last 24 Months

Workers Affected
686
Filings
8
Avg Workers / Filing
85
Most Affected City
Jersey City, NJ
534 workers
Affected by this layoff? Know your rights · File for unemployment · Find a job center · Build your resume

JPMorgan Chase Layoff History

Monthly avg: 28/mo

Top States

Year-over-Year

2026 YTD
53
2025
2024

Closure vs. Layoff

Layoffs — 100%
100%

Type not specified for 75% of filings.

About JPMorgan Chase

JPMorgan Chase is the largest bank in the United States by assets, formed through the 2000 merger of J.P. Morgan and Chase Manhattan. The company operates in investment banking, commercial banking, asset management, and consumer banking. It employs over 310,000 people globally, with major offices in New York, Chicago, Columbus, and internationally.

More about JPMorgan Chase's layoff history and outlook

Layoff History

JPMorgan Chase conducts regular workforce adjustments, often tied to branch consolidations, technology migrations, and business line restructurings. The company cut about 5,000 positions in 2024 as part of ongoing efficiency efforts, though it simultaneously hired in technology and compliance. WARN filings from JPMorgan typically reflect branch closures and back-office consolidations rather than company-wide reduction events.

How JPMorgan Chase Has Handled Past Disruption

JPMorgan has been among the most aggressive banks in technology investment. CEO Jamie Dimon has consistently emphasized technology spending, with the bank allocating over $15 billion annually to technology. The company was an early adopter of cloud computing and built substantial in-house AI and machine learning capabilities for fraud detection, trading, and customer service.

Current Context

JPMorgan is expanding its use of AI across the business, including a proprietary large language model for investment research and customer-facing AI assistants. The bank continues to close physical branches as customers shift to digital banking. Dimon has called AI potentially as transformative as the printing press and the steam engine for the financial industry.

Last reviewed 2026-04-15
Sources

All JPMorgan Chase WARN Filings

All Closures Layoffs 202620252024
LocationStateTypeWorkersEffectiveFiled
San Francisco
1 Front Street San Francisco CA 94111
CA Layoff 53 2026-05-21 2026-03-23
Jersey City NJ 58 2025-11-24 2025-11-24
San Francisco
One Front Street San Francisco CA 94111
CA Layoff 99 2025-08-27 2025-08-27
Jersey City NJ 63 2025-08-04 2025-08-04
Jersey City NJ 145 2025-06-23 2025-06-23
Jersey City NJ 121 2025-05-05 2025-05-05
Jersey City NJ 56 2024-12-22 2024-12-22
Jersey City NJ 91 2024-06-24 2024-06-24

Were you laid off from JPMorgan Chase?

JPMorgan Chase has an upcoming layoff effective May 21, 2026. If you are affected, you remain employed with regular pay and benefits until the effective date. Use this time to prepare: file for unemployment insurance so your claim is ready when your last day arrives, review your COBRA health coverage options, and visit your local America's Job Center for free career counseling and retraining vouchers. Ask about Rapid Response services, which are specifically designed for WARN-affected workers.

File for Unemployment Insurance

Find your state's unemployment insurance program and apply online. You may be eligible before your last day.

COBRA and Health Coverage

Continue your employer health plan for up to 18 months, or compare lower-cost options on the Health Insurance Marketplace.

Your Rights Under the WARN Act

Employers with 100 or more employees must give 60 days written notice before mass layoffs or plant closings.

Career Services and Training

Free career counseling, resume help, job search assistance, and retraining programs through CareerOneStop.

Career Tools and Job Search Support

Interview prep, job search management, and career planning tools to help you land your next role.

Find Your Local Job Center

America's Job Centers offer free career counseling, resume help, interview prep, job search assistance, and retraining vouchers for workers affected by WARN Act layoffs. Ask about Rapid Response services.

About This Data

All data on this site is sourced from official WARN Act filings published by state workforce agencies. Filings are updated regularly but may not reflect same-day submissions. Coverage varies by state.

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