JP Morgan Layoffs?
According to Litquidity, JP Morgan fired a whole bunch of people today. More info? Groups affected?
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Did they already communicate or pay out bonuses? curious how that works if they communicate and then layoff prior to it hitting the bank…
I don’t know, to be honest. I am not even an intern yet (I’m an “incoming intern”). However I have classmates who interned at the London office in summer and people they worked with recent got promoted (this is the Wholesale Payments/ Payments division).
Bonuses have already been paid
a few in coverage today (ED & associates) Jamie giveth life and Jamie taketh
Analysts in multiple groups too..
They were firing first year analysts?
yes multiple 1st years fired all around. All cuts I’ve seen are A&As
Was HOU office affected?
have been told every office was affected
News from EMEA? There is a strange feeling on the floor, but so far haven't heard of any cuts here...
Yep confirming cuts in NY IBD yesterday - all cuts i've heard have been at the A&A level
News on other divisions (payments, corp dev)?
All IB? Any commercial/corporate banking layoffs?
Commercial also did layoffs yesterday. A VP in my regional office was let go.
What about asset management?
Does anyone know about how many people were laid off across IBD at A&A level?
LIFOed?
Heard another round happened today. Not sure which office or IB group
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