I just learned that JPMorgan Chase announced 184 layoffs for 2026, which seems like a small number given their massive workforce of around 300,000. The layoffs will take place in Jersey City, NJ, and are set to be effective in May. The company mentioned that these cuts are part of broader operational adjustments in response to the changing market conditions, including the adoption of AI and margin pressures. It feels like the banking sector is undergoing significant restructuring this year.