Jamie Dimon Warns AI Job Cuts Coming But Predicts Shorter Workweek Ahead

TLDR

• JPMorgan’s Jamie Dimon predicts AI will cut jobs but won’t cause dramatic losses in 2025
• The banking CEO envisions a 3.5-day workweek becoming reality within 20 to 40 years
• Dimon urges workers to develop critical thinking, communication, and emotional intelligence skills
• He warns governments and companies must manage AI rollout to prevent mass worker displacement
• Goldman Sachs and Wells Fargo CEOs agree AI will reduce workforce numbers across industries

Jamie Dimon told Fox News that artificial intelligence will reshape the American workforce in the coming years. The JPMorgan Chase CEO said job losses are inevitable but not catastrophic in the near term.

During his appearance on “Sunday Morning Futures,” Dimon addressed concerns about AI replacing workers. He said the technology won’t dramatically reduce employment in 2025.

Dimon expressed concern about the speed of AI adoption. He warned that society might not be able to train workers fast enough to keep pace with technological change.

Companies and Governments Must Manage AI Rollout

Dimon called on corporations and government agencies to phase in AI carefully. He said they need to protect workers from sudden displacement.

The JPMorgan chief suggested several support measures for affected employees. These include retraining programs, relocation help, income assistance, and early retirement packages.

Workers who develop critical thinking and emotional intelligence will remain valuable, according to the CEO. He believes these individuals will find plenty of employment opportunities.

AI Could Enable Shorter Work Schedules

At the America Business Forum in Miami last month, Dimon made a striking prediction. He said developed nations could adopt a 3.5-day workweek within two to four decades.

The CEO stressed that AI requires proper oversight and regulation. He compared it to technologies like airplanes and pharmaceuticals that need safety guardrails.

Other major banking leaders share Dimon’s assessment of AI disruption. Goldman Sachs CEO David Solomon told CNBC in October that AI will transform job functions while creating new opportunities.

Wells Fargo CEO Charles Scharf spoke more bluntly to Reuters. He said anyone claiming AI won’t reduce headcount is either misinformed or dishonest.

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