JPMorgan Chase to managers: 'Resist hiring, remember attrition … '
JPMorgan Chase is implementing a hiring slowdown, prioritizing efficiency gains through artificial intelligence. The bank anticipates a 10% reduction in operations staff due to AI advancements in areas like fraud and payment processing. While overall headcount growth is being curbed, strategic hiring will continue in key areas such as banking, advising, and branch expansion.
JPMorgan Chase is implementing a hiring slowdown, prioritizing efficiency gains through artificial intelligence. The bank anticipates a 10% reduction in operations staff due to AI advancements in areas like fraud and payment processing. While overall headcount growth is being curbed, strategic hiring will continue in key areas such as banking, advising, and branch expansion.
