How recession proof is JP Morgan? Asking from a layoffs standpoint.

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You ever seen the movie Margin Call?

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Good Rec, I just looked up the trailer.

https://youtu.be/PbM84z4XYgc

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Almost all banks are more recession proof than any other industry. It, however, will depend on your job type and level where on the scale you'd be

funny

my whole floor got laid off. Did you not get the news?

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Depends a lot on your role. JPM’s “fortress balance sheet” seems more likely to survive a recession than most. But they won’t be shy about laying people off in business lines that shrink.

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Balance sheet is always strong for a reason

Depends on if you’re a Cost Center or a Revenue Generator

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🤦‍♂️

How recession proof?

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