JPMorgan Will Hire More AI Specialists and Fewer Bankers, Dimon Says.

JPMorgan CEO Jamie Dimon said on May 21, 2026 that the bank will hire more AI specialists and fewer traditional bankers as AI adoption accelerates across financial services, the latest in a series of senior banking executives this week openly addressing how AI will reshape their workforces.

Speaking in a Bloomberg Television interview at JPMorgan's China Summit in Shanghai, Dimon was direct about the direction of travel.

"There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will make them more productive," he said. "I think it will reduce our jobs down the road."

The comments land in the same week that Standard Chartered announced it would eliminate more than 7,000 back-office roles by 2030, describing the move as replacing lower-value human capital with financial capital, and HSBC CEO Georges Elhedery told investors generative AI will destroy certain jobs and asked employees not to resist.

How JPMorgan Is Managing the Transition

Dimon distinguished JPMorgan's approach from the more abrupt workforce reductions announced elsewhere this week.

The bank's annual attrition rate of approximately 10%, representing roughly 25,000 to 30,000 employees, gives it the ability to absorb workforce changes gradually without mass layoffs.

Dimon said the bank could manage the shift through retraining, redeployment, or early retirement rather than large-scale cuts.

That distinction matters at JPMorgan's scale. The bank's AI deployment is already substantial, approximately 150,000 employees access an internal LLM every week.

JPMorgan spends approximately $20 billion annually on technology overall, with $2 billion spent on AI specifically, and has embedded AI across fraud detection, customer service, research, risk management, and investment operations.

Dimon has been one of the most consistent voices on AI's workforce implications among major bank CEOs. At the World Economic Forum in Davos earlier this year, he said AI would reshape the labor market faster than society may be prepared for.

He has also urged companies and policymakers to begin thinking seriously about difficult scenarios before problems emerge. "I am not predicting it can be a problem," he said at a previous event. "I am simply saying now's the time to start thinking about what you do if it does."