JPMorgan Chase started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday, as it begins one of several planned reductions this year. Fewer than 1,

JPMorgan Chase has several rounds of layoffs coming this year, and some workers at the company have apparently started being told they will lose their jobs, according to Barron's.

JPMorgan Chase (JPM) started notifying employees of job cuts last week, as part of its plan to trim staff throughout the year, according to a media report, fitting with the company's stated goal of keeping its headcount flat.