We have had discrete areas where we did reduce jobs by 30% or 40%, and most of those people offered jobs elsewhere.
JPMorgan ChasePublished by the organization itself (earnings call), no named author
Earnings call: earnings call transcript via Webull (third-party transcript site), earnings call transcript via Webull (third-party transcript site), July 14, 2026.
Checked against the source by a first reader, then confirmed independently by a second reader who fetched the source without seeing the first reader's notes (Independent review agent (Claude Sonnet), blind second pass from passage text and citation only, no repository access, 2026-10-31).
Found in the call transcript: 'We have had discrete areas where we did reduce jobs by 30% or 40%, and most of those people offered jobs elsewhere.' It is spoken by a JPMorgan executive, and the match is exact.
JPMorgan Chase, “earnings call transcript via Webull (third-party transcript site)”, earnings call transcript via Webull (third-party transcript site), 2026-07-14. https://www.webull.com/news/15271033854174208 Archived at https://the-ai-record.com/passages/jpmorgan-chase-had-discrete-areas-where-did-reduce-jobs-2026
I think there's almost 1,000 use cases today, though we'd say that the really important ones are 50 across risk, fraud, marketing, hedging, prospecting, note-taking, idea generation, document reading.
JPMorgan ChasePublished by the organization itself (earnings call), no named author
Earnings call: earnings call transcript via Webull (third-party transcript site), earnings call transcript via Webull (third-party transcript site), July 14, 2026.
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