JPMorgan Chase Severance Package: 2026 Guide
2 weeks per year of service (minimum 4 weeks, maximum 26 weeks). Calculate your estimated JPMorgan Chase severance below.
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What JPMorgan Chase Typically Offers
Known Severance Benefits
- ✓2 weeks per year of service
- ✓Minimum 4 weeks, maximum 26 weeks
- ✓Extended health benefits
- ✓Outplacement services
- ✓Unused PTO payout
JPMorgan Chase Recent Layoff History
| Date | Employees | Details |
|---|---|---|
| 2024 | 500 | First Republic integration and operational efficiency |
Sources: Reuters, Bloomberg, Financial Times
JPMorgan Chase Severance Tax (New York)
JPMorgan Chase is headquartered in New York. Here's how severance is taxed there:
Example: A JPMorgan Chase employee with 5 years of service earning $150,000 would receive approximately $43,269 gross ( $29,034 after tax in New York).
How JPMorgan Chase Compares to Finance & Banking Average
Other Finance & Banking Companies
| Company | Formula | Rating |
|---|---|---|
| Coinbase | 14 weeks minimum | Standard |
| Goldman Sachs | Typically 1-2 months per year of service; MDs get more | Generous |
| Morgan Stanley | 2 weeks per year (similar to JPMorgan structure) | Standard |
| Bank of America | 2 weeks per year of service + transition support | Standard |
| Citigroup | Based on tenure and level; typically 2-6 months | Standard |
| Wells Fargo | 2 weeks per year of service + transition benefits | Standard |
| PayPal | 2 months base + additional weeks per year | Standard |
| Visa | Generous packages relative to fintech peers | Generous |
Negotiating Your JPMorgan Chase Severance
Strategies specific to JPMorgan Chase employees:
- ✓JPMorgan has a structured formula — negotiate for exceptions above the 26-week cap
- ✓Push for prorated bonus payment
- ✓Ask for extended deferred compensation vesting
- ✓Negotiate for COBRA cost coverage beyond standard period
Think Your Severance Is Too Low?
Employment lawyers have helped workers negotiate 2-5x their original offers. Get a free consultation.
JPMorgan Chase Severance FAQ
How much severance does JPMorgan Chase pay?▼
JPMorgan Chase typically offers 2 weeks per year of service (minimum 4 weeks, maximum 26 weeks). Their severance reputation is rated as “Standard” compared to finance & banking industry peers. In recent layoffs (2024), first republic integration and operational efficiency.
Can I negotiate my JPMorgan Chase severance?▼
Yes, most severance packages at JPMorgan Chase are negotiable. An employment lawyer experienced in finance & banking can typically negotiate 2-5x the initial offer, especially if there are potential legal claims or WARN Act violations. Many offer free initial consultations.
How is JPMorgan Chase severance taxed?▼
JPMorgan Chase severance is taxed as supplemental wages at 22% federal flat rate plus 10.9% New York state tax, for a total of approximately 32.9%. If you work remotely, your state of residence tax rate applies instead.
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