India, Feb. 14 -- The American global bank JPMorgan Chase, according to reports, has started notifying employees of redundancies as part of a wider reduction program that would extend to 2025. JPMorgan is expected to carry out a series of layoffs across 2025, beginning with the February firing, according to a Barron's report. Houston offices were the initial ones to release their staff when the company started notifying its US staff of the move in early February.

According to the report, additional JPMorgan employees will be out of work by mid-March, May, June, August, and September. The number of employees that the banking firm would lay off by December, however, was not known. Following Barron's, which referenced individuals who were i...