Dimon says AI already eliminated 30 to 40 percent of jobs in some JPMorgan divisions
THE SO WHAT
If AI can cut 30–40% of roles in some JPMorgan divisions yet investors still shouldn’t expect margin miracles, the lesson is that savings are being recycled into new spend — talent, infra, risk, and product. Don’t pitch AI internally as pure headcount reduction; pitch it as capacity reallocation and be explicit about where the freed budget goes.
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