The layoffs will affect several areas of the bank, including retail banking, commercial banking and asset management, as well as technology.
JPMorgan is the largest bank in the United States and had 296,877 employees at the end of the first quarter, up 8% from a year ago, according to Reuters.
The layoffs at JPMorgan come days after it decided to lay off about a thousand employees at First Republic Bank, which it acquired after bankruptcy.
The Crisis of the First Republic, headquartered in San Francisco, is the second largest bank failure in US history.
Regulators sold all of its deposits and most of its assets to JPMorgan, after the collapse of three banks, including Signature and Silicon Valley, threatened to undermine confidence in the US banking system.
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