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JPMorgan Shake-Up: 244 Texas Workers Laid Off
25 Jun
Summary
- JPMorgan Chase eliminated 244 jobs at its Plano, Texas facility.
- Affected employees will get severance and job placement help.
- The bank has over 800 open positions available in Plano.
JPMorgan Chase has recently conducted layoffs, affecting 244 employees at its Plano, Texas campus. This reduction is due to the consolidation of a small operations team into larger, existing centers. The affected workers were notified and will receive formal 60-day notices, as well as severance pay.
The bank has pledged support to help these employees find new positions, either within JPMorgan Chase or through external outplacement services. This move comes as the company reviews its business needs and adjusts staffing. JPMorgan Chase currently has more than 800 open positions within Plano, underscoring its continued presence and investment in the region where it employs over 12,500 people.
These job cuts occur amid broader discussions about the potential impact of artificial intelligence on employment. Earlier in the year, JPMorgan Chase also laid off 305 workers in New Jersey. The company spokesperson emphasized that the Plano layoffs impacted a very small number of employees within a specific operational team.
