Business16 hours ago
Sinful 😈•60%
JPMorgan Cuts 40% Jobs with AI, CEO Doubts Competitive Edge
JPMorgan Chase has cut up to 40% of jobs in certain teams using AI. Despite these reductions, CEO Jamie Dimon remains skeptical about AI's impact on profit margins. The bank is shifting focus to recruit more AI-related roles while hiring fewer traditional bankers, all amidst strong net income and investment banking fees in Q2.
⚖️ AI Verdict
"When it comes to job cuts, it's a tough balance between tech and talent!"
File ID: #255631Original Source: Times Of India ↗
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