JPMorgan Chase & Co. JPM CEO Jamie Dimon recently advised employees to view artificial intelligence-driven job elimination as beneficial, telling workers that “attrition is your friend.”
What Happened: The comments came during a wide-ranging town hall in Columbus, Ohio, last week that included his now-viral criticism of remote work, according to audio recordings obtained by Business Insider.
“It’ll change some of your jobs — for a lot of you it will be a copilot, for a lot of you it will take away the drudgery, and it may very well eliminate jobs, too,” Dimon said regarding artificial intelligence. He suggested the bank could “retrain and reskill and redeploy people” affected by automation.
Why It Matters: The town hall gained attention after Dimon’s comments against remote work spread on social media. A TikTok video posted by Barron’s garnered 2.4 million views, featuring Dimon’s colorful dismissal of work-from-home Fridays.
“Don’t give me this shit that work-from-home-Friday works,” Dimon told employees. “I call a lot of people on Fridays, and there’s not a goddamn person you can get a hold of.”
Dimon also admitted the bank had failed to keep pace with fintech innovations and even trailed some competitors. “Bank America does something better than us. Shocking, I know,” he said, noting they “were ahead of us in digital.”
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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