Layoff guide · JPMorgan Chase · 2026
JPMorgan Chase has filed six New Jersey WARN notices in 2026 covering 632 positions in Jersey City, the latest posted in November with separations running into January 2027. If your job is eliminated, your RSUs can keep vesting, the severance comes as a lump sum soon after your last day, and the release unlocks both. Here’s the order to take it in.
Educational resource Updated November 5, 2026
Start here
Tell us what brought you here and answer only the questions that matter for it. You’ll get the first three things to do, with your own numbers.
Pick everything that applies. You’ll only be asked what those need.
Step 1
Four numbers give you the severance, the tax it will likely leave unpaid, and your deadlines.
26 weeks × $2,885 a week
Add your last day to see your personal deadlines.
JPMorgan Chase sets severance under its U.S. Severance Pay Plan. This guide couldn’t confirm the formula from an official copy, so the estimate uses the weeks in your letter. In New Jersey, state law sets a floor of one week of pay per year of service in a covered mass layoff. The tax estimate uses 2026 federal brackets and the standard deduction, and assumes nine months of salary this year. An educational estimate, not tax advice; confirm with your financial professional. Nothing you enter is sent, and it’s saved on this device only if you choose to remember your answers.
Step 2
Hypothetical. A vice president, 45, married, with 9 full years at JPMorgan Chase and a $180,000 base. Last day: November 20, 2026. Suppose the letter offers 18 weeks.
| Severance: 18 weeks of base pay | $62,308 |
|---|---|
| Federal tax withheld at 22% | −$13,708 |
| Federal tax actually owed on it, at a 24% top bracket$160,000 of salary through November 20, a $40,000 RSU vest in January and the spouse’s $110,000 are already in 2026 | −$14,954 |
| Shortfall to set aside before April | $1,246 |
| Deferred stock still vesting after the last day | $40,000 a year for 3 years |
Ask HR the checklist questions and send the release to an employment attorney. At 45 in a group layoff, there are 45 days to decide and 7 to revoke, and the lump sum waits for the signed release.
Keep doing the work you’re asked to do. The award terms condition continued RSU vesting on cooperative, professional service after notice.
Paid in 2026, the lump sum stacks on a full year’s income, so the top federal bracket is 24%. Set aside about $1,250 beyond the 22% withheld, plus New Jersey tax. A release signed in January would push the check into 2027.
Medical ends November 30. Elect COBRA within 60 days; with the signed release, it costs the active-employee rate for about four months, matching the 18 weeks of severance.
Each RSU vest is taxable income. Keep to the non-solicitation terms: breaking them can cancel the shares still to come.
The 2026 match and pay credit are credited after year-end. Then decide whether to keep the 401(k) and pension in the plans, roll them to an IRA, or both.
Step 3
Handle what can’t be undone first. The retirement accounts can wait, as long as you don’t cash them out.
If you’re 40 or older and part of a group layoff, federal law generally gives you at least 45 days to consider a release and 7 days to revoke it, plus a list of the ages and job titles of who was and wasn’t selected.
JPMorgan’s 2026 RSU terms let awards keep vesting after a job elimination only if you provided the services requested after notice “in a cooperative and professional manner” and signed the required release.
JPMorgan’s 2026 As You Leave Guide gives 31 days from your termination date to convert Basic Life Insurance, or convert or port supplemental life and AD&D coverage.
Medical coverage ends on the last day of the month you leave. With a signed release, COBRA medical and dental cost the active-employee rate for the lesser of six months or the months of severance you receive; after that, it’s 102% of the full premium.
Health care and dependent care spending account claims are due by March 31 of the year after you leave. Unclaimed balances are forfeited.
Step 4
Your decision: Whether to sign, and when. The plan’s formula wasn’t confirmed from an official copy for this guide, so your letter states your weeks. Severance doesn’t count as pay for 401(k) contributions.
SourceYour decision: Confirm in writing which grants continue, plan for the tax on each vest, and decide how much JPMorgan stock to keep. Older grants have their own terms.
SourceYour decision: Leave it earning interest credits, take a lump sum and roll it to an IRA, or take an annuity. Balances under $7,000 can be paid out or rolled automatically.
SourceYour decision: Confirm this year’s match and pay credit will post, then keep the plan, roll it to an IRA, or both. With $1,000 or more vested, a loan can stay on its schedule by automatic bank payments.
SourceStep 5
It unlocks the lump sum, the COBRA subsidy and continued RSU vesting.
The review period is yours to use, but the lump sum isn’t paid until the signed release is returned.
For many people, the stock still to vest is worth more than the severance.
Breaking the post-employment terms can cancel unvested shares and claw back recent ones.
Two separate decisions, neither due on your last day.
If the 401(k) holds JPMorgan shares, get the cost basis before any rollover; rolling them into an IRA gives up the net unrealized appreciation option.
A fall last day stacks the lump sum on a full year of pay.
Step 6
Print it, bring it, and get the answers in writing.
Questions for JPMorgan Chase HR before you sign
From wealthplannerpro.ai · Educational information, not legal or tax advice.
| State | Positions | Entity and site | Posted | Separations |
|---|---|---|---|---|
| New Jersey | 120 | JP Morgan ChaseJersey City | February 2026 | May 3, 2026New Jersey Department of Labor, 2026 WARN list |
| New Jersey | 134 | JP Morgan ChaseJersey City | March 2026 | June 20, 2026New Jersey Department of Labor, 2026 WARN list |
| New Jersey | 51 | JP Morgan ChaseJersey City | May 2026 | August 3, 2026New Jersey Department of Labor, 2026 WARN list |
| New Jersey | 173 | JP Morgan ChaseJersey City | July 2026 | July 8, 2026New Jersey Department of Labor, 2026 WARN list |
| New Jersey | 63 | JP Morgan ChaseJersey City | August 2026 | August 19 through November 15, 2026New Jersey Department of Labor, 2026 WARN list |
| New Jersey | 91 | JP Morgan ChaseJersey City | November 2026 | October 30, 2026 through January 24, 2027New Jersey Department of Labor, 2026 WARN list |
New Jersey publishes the month a notice was posted, not the exact date, and lists dates as the state received them. JPMorgan Chase may have filed in other states too; this page lists the notices confirmed on a state record. A notice states what was planned; final numbers can differ. Checked November 5, 2026.
JPMorgan Chase filed six New Jersey WARN notices in 2026 covering 632 positions in Jersey City. The newest, posted in November, covers 91 positions with separations from October 30, 2026 through January 24, 2027.
Generally yes, if your job is eliminated. JPMorgan’s 2026 RSU terms let awards keep vesting on schedule when the firm ends your employment because your job was eliminated, you cooperated after notice and you sign the required release. Non-solicitation and clawback terms still apply. Your award terms control.
It’s set by the JPMorgan Chase U.S. Severance Pay Plan and stated in your separation letter. This guide couldn’t confirm the formula from an official copy, so use your letter. In New Jersey, state law requires at least one week of pay per year of service in a covered mass layoff.
JPMorgan’s 2026 As You Leave Guide says the lump sum is generally paid within two pay periods after your final pay, once you’ve signed and returned the Release Agreement. It’s taxed as wages, often withheld at a flat 22%.
With a signed release, COBRA medical and dental cost the active-employee rate for the lesser of six months or the number of months of severance you receive, starting the first of the month after you leave. Vision and the spending account aren’t subsidized.
The JPMorgan Chase Retirement Plan stopped pay credits after December 31, 2019, but cash balance accounts still earn interest credits. After you leave, you can generally take a lump sum or an annuity, or leave it in the plan.
Generally yes. The match and automatic pay credit are credited after year-end and normally require employment on December 31, but JPMorgan’s leaving guide counts a job elimination as an eligible termination. Confirm with HR for your case.
WealthPlannerPro and Morrowgate Private Wealth are not affiliated with JPMorgan Chase & Co. or JPMorgan Chase Bank, N.A. This guide uses public filings and JPMorgan Chase’s published benefit documents; your own plan documents, award terms and separation agreement control.
Educational resource only. This guide explains how layoff benefits generally work, using public filings. It isn’t personalized financial, tax, legal or investment advice, and it isn’t a recommendation to take any action. Figures may be incomplete or out of date, and your plan documents, award agreements and separation agreement control. Before you act, talk with your financial professional and a tax advisor, and have an employment attorney review any release before you sign it.
Tell us what’s in your separation packet: the weeks of pay, the signing deadline, your RSUs, the pension and the 401(k). We’ll point out what may need attention first and whether a conversation with a financial professional would help.
This page is an educational resource. Submitting a question does not begin an advisory relationship.