"“We already have huge redeployment plans for [our] own people,” Dimon said. “In fact, we spoke about it today, and we have to up that a little bit so we can take people who are displaced — and we have displaced people from AI — and we offer them other jobs.”
JPMorgan, the world’s biggest bank by market cap, has the industry’s largest annual tech budget at nearly $20 billion. Its executives have outlined an ambitious agenda to become “fundamentally rewired” for the AI era."
Here comes the third wave. First the writers & artists, then the coders. Now the third wave is the accountants...
Accountants, Lawyers, Engineers, Managers will all go away in this wave.
For manual work like construction, Robots will be safer and more consistent.
I do appreciate this, regardless of my opinion of Dimon. It's the better attitude than just firing half your people because you're afraid of the competition winning the race to the bottom.