JPMorgan Chase ($JPM) sent new contracts and memos to hundreds of workers in England saying that in the case of a no-deal Brexit, they would need to move to an office in Europe.
Meanwhile, it appears that JPMorgan has already put the brakes on hiring in England. According to data tracked via the bank's careers page, JPMorgan only listed 352 positions that were based in England on March 24. Just two weeks prior, it listed 419 openings in the region.
The steep falloff becomes very clear when graphed since the new year.
January is typically a slow hiring month for JPMorgan, but by March, it historically picks back up. This year, specifically in England, JPMorgan Chase is slowing its England hiring activities as it awaits news on Brexit.
JPMorgan has already put the brakes on hiring in England.
With the Brexit decision now punted towards late June, JPMorgan, as well as competing international banks with some personnel in England, will have more time to set up their back-up plans should a rocky Brexit occur. In the meantime, it appears that hiring in the sector could slow to a trickle.