JPMorgan Chase to cut 541 jobs in Jersey City amid workforce restructuring

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JPMorgan Chase has filed a new WARN notice with New Jersey authorities indicating 63 additional job cuts in Jersey City. This latest filing brings the bank's total planned layoffs in the area to 541 employees. Earlier notices had separately reported reductions of 120, 134, 51, and 172 workers. The cuts are scheduled to take effect between August 19 and November 15, 2025. JPMorgan attributed the workforce reductions to routine business management and staffing evaluations.

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