J.P. Morgan Shuts Aumni Analytics Division, Affecting 250 Roles Globally

Industry Update:

J.P. Morgan is discontinuing its Aumni analytics platform, impacting staff across the Philippines, the US, the UK, and India. The closure follows the bank’s internal review of its product portfolio, part of its ongoing efforts to align services with core business priorities.

Aumni was acquired by J.P. Morgan in March 2023 to enhance its venture capital analytics capabilities. Following the recent review, the bank decided to discontinue the platform’s services globally.

While the company has not publicly confirmed exact figures, estimates indicate that roughly 250 employees in the Philippines are affected, representing around one percent of J.P. Morgan’s local workforce. The bank is coordinating with affected staff and exploring opportunities for internal redeployment.

The Philippines remains a significant hub for J.P. Morgan, which continues to invest in its operations and maintain a strong presence in the region. The bank emphasised that it is committed to supporting its relationships with venture capital firms, portfolio companies, and the broader innovation ecosystem.

Developments like these show how global organisations are actively shaping their talent and technology strategies to stay competitive. For leaders and talent in the Philippines, it’s a reminder of the importance of adaptability and aligning skills with strategic priorities.

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