JPMorgan Aims to ‘Resist’ Headcount Growth

JPMorgan Chase Says AI Could Cut Headcount By 10% in Some Divisions: 'We Will Deliver More'

JPMorgan CEO of consumer and community banking, Marianne Lake, 56, predicted at JPMorgan's annual investor day that AI would lead to fewer employees in operations.

JPMorgan Chase tells managers to 'resist' hiring, do more with less as head count balloons

Jamie Dimon, CEO of JPMorgan Chase.Win McNamee/Getty ImagesJPMorgan Chase is telling managers to "resist headcount growth" and boost efficiencies.CFO Jeremy Barnum told shareholders that AI will help the firm tamp down its hiring.Another exec promised staffing reductions of 10% in a unit that handles fraud and account support.JPMorgan Chase's hiring spree of the last five years may finally be winding down. The bank's CFO on Monday told investors…

JPMorgan Chase wants bosses to 'resist' hiring and use AI

JPMorgan Chase (JPM) hired 60,000 people in the last five years, increasing its workforce by 23%. It looks like that’s about to grind to a half.Read more...

JPMorgan aims to ‘resist’ headcount growth

Although headcount increases in recent years were necessary to support growth, “we do suspect some inefficiency was introduced,” the bank’s CFO said during Monday’s investor day.

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JPMorgan Chase & Co. is pressing pause on workforce expansion, encouraging its managers to resist hiring unless absolutely necessary, as it leans heavily into artificial intelligence (AI) to drive operational efficiency. The move signals a strategic shift in how the banking giant plans to manage headcount amid rapid technological advancements and a tightening focus on cost control. The announcement was made by Jeremy Barnum, JPMorgan’s Chief Fin…