JPMorgan Chase & Co Chief Executive Officer Jamie Dimon told Bloomberg TV the bank will likely hire more artificial intelligence specialists and fewer traditional bankers as technology adoption accelerates.
Dimon said he expects AI to reduce jobs at the bank over time. He made the remarks in a Bloomberg Television interview at the bank’s China Summit in Shanghai on Thursday.
"I think it will reduce our jobs down the road," Dimon said. "There 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."
The CEO indicated that while some banking positions may decrease, the technology will boost productivity among remaining staff.
Dimon’s comments come just days after major European banks HSBC and Standard Chartered outlined plans to slash their workforces in favor of more AI automation and streamlining.
The technology is being widely touted as a means to lower labor costs and hire fewer white-collar employees, especially with the advent of agentic AI.
Dimon said in late-2025 that JPMorgan had been investing in AI since at least 2012 and now spends about $2 billion a year on the technology.
