Jamie Dimon says JPMorgan will hire more AI braniacs, fewer bankers
JPMorgan Chase CEO Jamie Dimon announced plans to hire more AI specialists while reducing the number of traditional bankers. He emphasized that the transition will occur through natural attrition rather than mass layoffs, as the bank will not fill positions left vacant by employees who retire or leave. Dimon noted that while AI will enhance productivity, it will also lead to a reduction in certain job roles within the bank.
- ▪JPMorgan will focus on hiring AI experts instead of traditional bankers.
- ▪The transition will be managed through natural attrition, avoiding mass layoffs.
- ▪Dimon stated that current employees will be retrained or moved to new departments as roles become obsolete.
Opening excerpt (first ~120 words) tap to expand
Business Jamie Dimon says JPMorgan will hire more AI braniacs, fewer bankers By James Franey Published May 21, 2026, 4:19 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Artificial intelligence is poised to drastically shrink the workforce at the nation’s largest bank, but the transition will happen without the pain of mass layoffs, JPMorgan Chase CEO Jamie Dimon said Thursday. In an interview in Shanghai, the renowned money man told Bloomberg that AI will make his employees vastly more productive. While the technology will ultimately reduce the need for certain jobs, Dimon said the bank will manage the shift through “natural attrition” — simply not filling the positions of the 25,000 to 30,000 workers who quit or retire each year.
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