JPMorgan Cuts Up to 40% of Jobs in Some Departments Due to AI
SOURCENews reportView the filing ↗
What we know
Location: Jersey City, New Jersey, USA.
Department affected: some departments (unspecified).
Based on news reporting.
Summary
JPMorgan Chase & Co. CEO Jamie Dimon said the bank has already eliminated as many as 40% of roles in certain departments as a result of adopting artificial intelligence technologies. The comments indicate significant job reductions in unspecified teams where AI has automated tasks, though no precise headcount, dates, or locations were provided in the article. Dimon framed the cuts as part of efficiency gains from AI rather than a firmwide layoff program, and the reporting places these reductions within particular departments rather than across the entire company. The article discusses this company-specific impact in the context of AI-driven workforce change but does not quantify the number of employees affected.
LayoffTalk has tracked 50 layoff events at JPMorgan Chase & Co. since January 2025, including 1,538 jobs documented in official WARN filings, with 38 additional events known from news reporting.
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