{"id":81684,"date":"2026-05-22T05:59:29","date_gmt":"2026-05-22T05:59:29","guid":{"rendered":"https:\/\/www.europesays.com\/people\/81684\/"},"modified":"2026-05-22T05:59:29","modified_gmt":"2026-05-22T05:59:29","slug":"jamie-dimon-ceo-of-americas-largest-bank-in-china-to-reduce-our-jobs-down-the-road-we-will-hire-fewer","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/people\/81684\/","title":{"rendered":"Jamie Dimon, CEO of America&#8217;s largest bank, in China: To reduce our jobs down the road, we will hire fewer &#8230;"},"content":{"rendered":"<p> <img src=\"https:\/\/www.europesays.com\/people\/wp-content\/uploads\/2026\/05\/1779429569_140_jamie-dimon.jpg\" alt=\"Jamie Dimon, CEO of America's largest bank, in China: To reduce our jobs down the road, we will hire fewer ...\" decoding=\"async\" fetchpriority=\"high\"\/> JP Morgan CEO Jamie Dimon has said artificial intelligence will likely reduce some banking jobs in the future, with JPMorgan Chase expected to hire fewer traditional bankers as automation expands across the financial industry. Speaking during a Bloomberg Television interview at the bank\u2019s China Summit in Shanghai, Dimon said AI would change the kinds of jobs banks need rather than simply eliminating work altogether. His comments come as major global banks increasingly turn to AI to improve productivity, reduce costs and automate several back-office operations.\u201cI think it will reduce our jobs down the road,\u201d Dimon said in the interview with Bloomberg. \u201cThere will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will make them more productive.\u201dDimon said the shift toward AI could largely be managed through normal employee turnover instead of large-scale layoffs. According to Bloomberg, JPMorgan sees annual attrition of around 10%, equal to roughly 25,000 to 30,000 employees leaving every year. That, Dimon said, gives the bank room to retrain workers, move them into different roles or offer early retirement packages.<\/p>\n<p>Rising debate on impact of AI on jobs<\/p>\n<p>The comments add to a growing debate inside the banking sector about AI\u2019s impact on jobs. Earlier this week, Standard Chartered CEO Bill Winters said the bank would replace \u201clower-value human capital\u201d with technology as part of plans to remove 8,000 support roles over the next four years.Goldman Sachs President John Waldron recently described traditional back-office work as a \u201chuman assembly line\u201d that could be automated. Meanwhile, HSBC CEO Georges Elhedery said AI would \u201cdestroy\u201d certain jobs while also creating new ones.Despite concerns about automation, Dimon defended Winters, saying his comments were \u201can inartful way to say something.\u201d \u201cI think it will be old jobs. If back-office jobs disappear, we need more front office jobs to cover more clients,\u201d Dimon said.He also warned that the pace of change needs to be managed carefully. \u201cI think it\u2019s incumbent upon us, society, to think through if it happens too fast,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"JP Morgan CEO Jamie Dimon has said artificial intelligence will likely reduce some banking jobs in the future,&hellip;\n","protected":false},"author":2,"featured_media":81685,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[164],"tags":[552,624,805,10921,14437,45545],"class_list":["post-81684","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jamie-dimon","tag-artificial-intelligence","tag-goldman-sachs","tag-jamie-dimon","tag-jp-morgan","tag-jp-morgan-ceo-jamie-dimon","tag-jp-morgan-to-hrie-more-ai-experts"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/116616702437120588","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/81684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=81684"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/81684\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/81685"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=81684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=81684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=81684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}