Category Archives: Corporate Governance

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Layoffs in 2025: JPMorgan Chase and Meta Layoffs Spark Concerns Amid Strategic Downsizing

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Layoffs in 2025: JPMorgan Chase and Meta Announce Layoffs Amid Strategic Restructuring

In a strategic move to optimize operations, JPMorgan Chase has begun notifying employees about job cuts as part of a series of planned downsizing efforts throughout 2025. According to reports, the American multinational bank aims to adjust its workforce to align with evolving business needs, impacting fewer than 1,000 employees in February. Additional layoffs are expected in mid-March, May, June, August, and September.

Citing sources familiar with the matter, Barron’s revealed that managers at JPMorgan Chase have already started informing affected employees. The layoffs represent about 0.3% of the bank’s total workforce, which stood at 317,233 employees at the end of 2024. Despite the planned reductions, the company remains focused on hiring in strategic areas to support ongoing growth.

A spokesperson for JPMorgan Chase stated, “We regularly review our business needs and adjust our staffing accordingly. We continue to hire in many areas and work hard to redeploy impacted employees. This is part of our regular management of the business and impacts a very small number of employees.”

The decision comes as the banking sector’s operating environment improves considerably. Notably, JPMorgan Chase achieved its highest-ever annual profit in 2024, maintaining its position as the largest U.S. lender by assets. The planned layoffs in 2025 are part of a broader strategy to streamline operations while continuing to invest in key growth areas.

Meta Initiates Layoffs Amid Strategic Workforce Adjustment

In a parallel move, Meta has also announced upcoming layoffs in 2025, as the company refines its workforce to align with strategic objectives. The social media giant recently informed employees about company-wide job cuts, set to commence at 5 a.m. local time across most countries, including the U.S.

However, employees in Germany, France, Italy, and the Netherlands will be exempt from these layoffs due to local regulations. In contrast, workers in over a dozen other countries across Europe, Asia, and Africa are expected to receive notifications between February 11 and February 18.

Despite the downsizing, Meta is actively accelerating the recruitment of machine learning engineers, demonstrating its commitment to advancing innovation and maintaining a competitive edge in the tech industry.

Strategic Workforce Adjustments for Long-Term Growth

Both JPMorgan Chase and Meta are leveraging strategic layoffs in 2025 as a means to streamline operations while continuing to grow in vital sectors. By strategically reducing their workforce, these industry giants are positioning themselves for long-term growth and sustainability.

Market Newsly will continue to provide the latest updates on layoffs in 2025 and other significant market developments. Stay informed with Market Newsly—your trusted source for the latest in market news and trends.

Disclaimer:

This article is for informational purposes only. Market Newsly strives to provide accurate and up-to-date news. However, readers are advised to verify details independently before making any decisions based on this information.

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Corporate Governance, Corporate News, Economy, Tech & Innovation, Tech Giants

Telegram Faces Potential Ban in India Amidst Extortion and Gambling Probe

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Telegram Faces Potential Ban in India Amidst Extortion and Gambling Probe

Telegram, the popular messaging app with over 5 million users in India, is under scrutiny as the Indian government investigates its role in alleged criminal activities, including extortion and gambling. Both the Ministry of Home Affairs and the Ministry of Electronics and Information Technology have launched a joint probe into the app’s peer-to-peer communications, raising concerns about its future in the country.

An official, speaking to Moneycontrol, revealed that the investigation is specifically focused on Telegram’s potential involvement in these illegal activities. As of now, Telegram has not issued any public statement regarding the ongoing probe.

This development in India follows recent actions in France, where Telegram’s founder, Pavel Durov, was arrested in Paris. French authorities have been investigating the app’s moderation policies, or lack thereof, which they believe may enable criminal activities to go undetected.

In response to these global concerns, a PTI report indicated that India’s IT Ministry has requested the Ministry of Home Affairs to review any pending complaints against Telegram and determine what actions, if any, should be taken. However, the IT Ministry has clarified that it is not directly involved in the investigation, as its focus is primarily on cybersecurity, not criminal activities.

The key question now is whether there are similar issues in India as those identified in France and what steps the government might take in response. The outcome of the ongoing investigation will be crucial in determining Telegram’s future in India.