Insider Spotlight
In an official statement on Tuesday, Dec. 2, 2025, the US-based bank said, “J.P. Morgan regularly reviews its products and client offerings and we have taken the decision to discontinue Aumni’s services globally, which includes its operations in the US, UK, India and the Philippines.”
“J.P. Morgan remains committed to the Philippines and the country continues to be a critical hub for our operations globally,” it stressed.
Why it matters
The discontinuation touches a small segment of the bank’s Philippine workforce. The roughly 250 Aumni roles represent around one percent of J.P. Morgan’s more than 25,000 employees in the country, spread across major hubs in Metro Manila, Cebu and Baguio. These sites serve as critical support centers for global operations.
The context
J.P. Morgan acquired Aumni in March 2023 to boost analytics capabilities for venture capital clients. The bank regularly reassesses its product suite, and the global phaseout follows this internal review.
What’s happening on the ground
Teams in Manila, Cebu and Baguio have been notified, with J.P. Morgan beginning redeployment efforts for many of the affected employees. Early transition discussions focus on matching skills with openings across other business lines, according to information provided to InsiderPH.
The big picture
Despite the retrenchment tied to Aumni, the bank continues to invest heavily in the Philippines—one of its largest global corporate centers. Its longstanding presence in the country anchors functions ranging from operations and technology to customer support for international markets.
What’s next
J.P. Morgan said it remains committed to growing in the Philippines even as it consolidates certain technology platforms. The bank is expected to complete the wind-down of Aumni’s services while finalizing internal placements for affected staff. —Daxim L. Lucas | Ed: Corrie S. Narisma
