JPMC Layoffs - What's the real reason?

So, the news is out there about the recent layoffs in Jersey City. The official line is probably something about efficiency or restructuring, but honestly, I'm not buying it entirely. We've been hitting targets, the market isn't *that* bad for us specifically. Feels more like cost-cutting for the sake of it, maybe to boost short-term stock price or prep for some M&A activity? It's frustrating because on one hand, they preach about employee value and growth, and on the other, they can just cut a significant chunk of people with little notice. Is this just the new reality in big banking? Are we just seen as easily replaceable cogs? I'm not directly impacted this time, but it's unsettling to see it happen so close. Makes you wonder who's next and what the actual long-term strategy is. Anyone have any inside scoop or theories on what's *really* driving these decisions at JPMC right now? Beyond the generic press release stuff. Curious to hear what others think, especially those within the bank.