JPMorgan Chase & Co. (NYSE: JPM) Chief Executive Officer Jamie Dimon It warned that artificial intelligence (AI) could severely disrupt employment and urged policymakers and companies to plan for workforce changes before mass job losses occur.
Speaking at a company event on Tuesday, Dimon said that companies and governments should actively prepare for the job losses that artificial intelligence may cause, Fortune magazine reported.
He stressed that the issue should be resolved “now” rather than after the chaos has occurred.
“I’m not predicting [it] may be a problem. I’m just saying now is the time to start thinking about what you would do if it did happen,” he said.
Don’t miss:
Dimon noted that JPMorgan Chase is already deploying artificial intelligence across its operations, with about 150,000 employees using large language models every week.
He said automation will likely reduce staffing needs over the next five years, but stressed the company’s focus is on retraining and redeploying workers.
“We put people in AI out of work and give them other jobs,” he said. “They are often highly trained, talented, and very good at what they do.”
He cited the example of self-driving cars, a technology that could eliminate millions of jobs if adopted overnight, and questioned whether society could withstand such rapid change.
Dimon suggested that technological advances should be phased in to avoid economic shocks and expressed support for policies that encourage workforce retraining.
Hot Topic: Own the Persona, Not Just the Content: Rapid Growth Pre-IPO IP Inside the Company
Earlier, industry leaders warned that rapid advances in artificial intelligence are reshaping the global labor market and could severely disrupt employment opportunities across industries.
Boris Cherny of Anthropic selection Artificial intelligence agents capable of performing tasks on workplace tools may soon impact most computer-based roles, predicting that the shift is potentially disruptive.
He noted that tools like Claude Code can improve productivity and suggested that traditional job titles may evolve as automation expands.
See also: 1.5 million users are already working within the AI platform — investors can still participate
this International Monetary Fund (International Monetary Fund) Managing Director, Kristalina Georgievadescribes AI as a major force changing work, saying it could replace or reshape a large portion of global jobs, but could also stimulate demand through higher wages and increased spending by AI-enhanced workers.
