With more firms adopting AI, students gunning for a career in banking and finance are preparing to be up against such technology at first interaction. If they get in the door, they’re then faced with the question of whether the jobs will be available to humans in the next few years.
Most executives are in agreement: Jobs will be cut as AI is implemented. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon [net worth $2.9 billion] said in December that the technology “will eliminate jobs.” Jane Fraser, Citigroup Inc.’s CEO, said some jobs “will no longer be required,” while Goldman Sachs Group Inc. President John Waldron referred to employees as a “human assembly line” ripe for automation.
As Standard Chartered Plc CEO Bill Winters [net worth $336 million] put it: “It’s not cost cutting; it’s replacing in some cases lower-value human capital with the financial capital and the investment capital we’re putting in.” (He later apologized for his remarks.)
Related posts:
June 2026:
Leading reason for job cuts. (6/7)
The Replacements. (6/6)
Acrisure. (6/6)
May 2026
Cisco Systems. (5/14)
General Motors. (5/13)
Kevin Hassett Clown Show. (5/12)
Meta 1984. (5/11)
Straight from the horse's mouth. (5/10)
Do-nothing Congress. (5/9)
IA edition. (5/8)
April job cuts. (5/8)
Freshworks. (5/7)
Coinbase. (5/7)
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