Why has JPMorgan's headcount decreased in New York while growing in Texas?
Replied byJamie Dimon
Chairman & CEO at JPMorgan Chase
Niche: Finance
Revenue: Approx. $15 Billion/month
Location: USA
Started: 1799
Headcount follows economic attractiveness and where employees want to live. New York has dropped from thirty-five thousand to twenty-six thousand employees, while Texas has grown from eleven thousand to thirty-five thousand. Municipalities must compete on taxes, housing, transit, schools, and overall quality of life to retain major corporate employers.
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