JPMorgan Cut 40% Of Jobs In Whole Departments + Printed A RECORD $21.2 BILLION The Same Day Nick Foligno [LBudm1o7xOK]

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Jamie Dimon said it on the earnings call: "We have had discrete areas where we did reduce jobs by 30 or 40 percent." Same day, JPMorgan posted $21.2 billion the biggest quarterly profit by any US bank, ever. And the same day, IBM missed the AI shift and lost roughly $67 billion in one session, its worst day on record.The market is grading companies on AI in real time now. Reward and punishment landed within the same 24 hours. neil gorsuch book That same grading is running on your job and today we trace exactly where the money went, who's hiring because of it, and the five moves to make this week.Also today: 26 Meta employees ask a court whether an algorithm helped pick the layoff list. New York freezes 12 gigawatts of data centers while Louisiana pours $50 billion and pays teacher bonuses off the construction tax. We read the PPI inflation number live on air. And a brand-new community member shipped a real product for a real client in two weeks.

TIMESTAMPS

00:00 The Number Wall: 40% / $67 Billion / $21.2 Billion

04:30 Dimon on the Call: Jobs Cut 30-40% in Some Units

08:30 IBM's Worst Day on Record: What Actually Happened

12:00 The Repricing: Where the Money Went

13:30 LIVE READ: The PPI danny ramirez Inflation Print

15:00 The Setback Playbook + Dimon's CEO Checklist

17:00 The Meta Lawsuit: Did AI Pick the Layoff List?

21:00 300 Applicants Per Posting: Courtney, Dorian, and Jake

25:00 You Pay the Recruiter Now

28:00 Oil Back Above $85 + the Fed's July 29 Math

32:00 New York Freezes 12 GW / Louisiana Pours $50 Billion

37:00 The Jobs the Buildout Can't Skip

41:00 ASML +115% / The $53 Billion PayPal Bid

44:00 Free Cert Window: AWS, Microsoft, Oracle Deadlines

47:00 Community Proof: Built in the Open

53:00 The Ledger + Tomorrow: UnitedHealth and Netflix

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