Wall Street leaders are openly discussing how AI will reshape banking jobs. JPMorgan CEO Jamie Dimon admitted that AI “will eliminate jobs,” urging employees not to ignore the reality.
JPMorgan CEO Warns Staff
He said AI will change roles by acting as a copilot, removing drudgery, or replacing certain tasks, though overall headcount could remain steady or even grow if managed well.
Dimon emphasized efficiency gains across databases and workflows, while warning that cybersecurity roles may expand as criminals exploit AI. JPMorgan executives expect operations headcount to decline by 10% through 2029, with CFO Jeremy Barnum urging restraint on hiring and a sharper focus on efficiency.
