JPMorgan Chase is managing its workforce evolution in response to artificial intelligence. The bank plans to rely on natural attrition rather than implementing layoffs. CEO Jamie Dimon anticipates AI will eventually reduce the total number of jobs. The company intends to hire more AI specialists and fewer traditional bankers. This strategy allows for retraining and redeploying existing employees through natural turnover.
https://aimagazine.com/news/jpmorgans-workforce-strategy-attrition-over-layoffs