Chase: The HR department’s latest hit list of top executives to avoid
Chase is a big name in the world of corporate HR, and that includes hiring and firing.
The company announced Monday that it is going to hire hundreds of thousands of new employees, adding nearly a million employees since 2010.
The move comes after years of growing pains for the company as it struggled to keep pace with changes in the economy.
“The new hiring comes on the heels of an increase in our hiring and attrition rates as we focus on growing our business,” CEO Jamie Dimon told reporters at a conference.
“I think we’ve taken steps to ensure we have the best talent in our organization, and I think we have more to come.”
The new hires will be on top of approximately 3,000 employees who have been laid off since 2010, and those employees will be hired as part of a program that will be rolled out over the next year.
According to The Wall Street Journal, some of the hires will come from Chase’s existing workforce, while others will be new hires.
Chase has seen a huge amount of turnover recently, with the company reporting an $11.4 billion loss in its fiscal fourth quarter last year.
But the company has also been working to reduce that turnover.
As part of the program, it has been reducing the number of employees who take on new responsibilities by 75 percent over the past three years.
Those reductions, which will start in September, are meant to keep up with growing trends in the hiring process.
This is the first major shakeup for the firm.
In October, Chase announced that it was eliminating about 3,400 positions, including 1,300 in sales, 2,100 in human resources and 1,400 in operations.
But, it is also hiring over 200 people as part the new HR hiring program, and has also added additional positions in its finance department.
The hiring efforts come as the company struggles to adapt to the growing pace of technological change, which has seen the rise of companies like Uber and Amazon, which rely heavily on automation to boost their revenue.
Last month, the company announced a $300 million deal to acquire the company’s ride-hailing company Lyft, which it said would enable it to offer more of its services, such as the ability to schedule Uber pickups and the ability for Lyft drivers to be able to call drivers directly to check in on their customers.