HR Regulation

"We already have huge redeployment plans for our own people; in fact, we spoke about it today, and we have to up that a little bit," Dimon said during his Q&A session with analysts.

In just the last year, CEOs at Walmart, Target and Disney have either announced their exits or begun actively planning handoffs, while Apple's board is reportedly accelerating its own succession timeline.

Labor is taking comments on the plan until April 28.

The layoff notice follows several hundred job cuts announced in New Jersey and California in 2025.

Bonuses will be 42.3% above baseline levels, according to records reviewed by Bloomberg News — a sharp reversal from 2024, when payments were more than 60% below target.

One is cutting headcount and telling employees that the workforce will shrink. The other is investing in skills, certifications and manager training while insisting that its future is "people-led, tech-powered."