Thread regarding JPMorgan Chase & Co. layoffs

Automation is coming, and it will cost jobs

It's all fine to say GTI automation is going to steal lots of jobs but to anyone who works in software testing, the big question is, who's going to make sure that the automation works well? Anyone who's ever worked on a software project knows that even the simplest project takes a lot of work to get right and even then it's never 100%

The wave of automation has barely begun to wash over the our banking world, but it is inexorably coming. This will begin with the automation of the more data driven positions (think markets and trading) and will quickly spread into those more specialized areas (corporate finance) that require more specific knowledge, Players are going to save lots money on personnel,for their own benefit.

As a professional in the AI field, I have to say that most professions that rely on applying specialized knowledge in dynamic arenas are vulnerable to AI threats. While it is true that many of the AIs cannot match top level human performance yet. It becomes a cost/benefit decision, something JP knows very well how to do, getting rid of old workers to hire more useless management .

by | Post ID:
705 views | 4 replies (last )
Comment! It's anonymous! Reply to this post anonymously by submitting the form near the bottom of the page!

4 replies (most recent on top)

JP Morgan Chase a Bank just s---s! Keep laying off all the older folk for younger types and computers.

by | Post ID:

Yes, that is the reason we have lots of team with just 3 or 4 people

by | Post ID:

38% by 2030 number of jobs LOST to AI

Sobering

Staggering

Unfathomable

Our new reality

by | Post ID:

I've been hearing a rumor that management would like to decrease staff by 30% through use of AI. Is this possible?

by | Post ID:

Post a reply

:

Related pages


macys hr servicesreed hycalog singaporeavnet san antoniobaxter healthcare layoffsfmc eriefunny at&taccuray stockwhole foods encinitasstaples hr departmentmylan in hyderabadglobal brass and copper incwalmart samshanover insurance group incsanford hospital webster sdhusky energy inc calgaryfollett solutionsparticle drilling technologiesverizon supervisor salarymckesson layoffsitt tech in fort myerspall corporation rumorsverizon locations houston txge in bangaloretalisman energy stockwal mart jobsdenbury dallasapple store in oakbrookdyna drillscully constructionis parexel a good company to work forwww zirmed comchula vista apple storedetourgoldenviro safe consultingwindstream layoffsverizon wireless messageregis edinaatt prem tech salarywyndham worldwide parsippanyaetna health insurance jobsoracle middleware products listestee lauder jobs nycsears photo studio njtransocean incstaples locations njusa today layoffsrupaul glasseswebmail worleyparsonslivingston college rutgerswww.verisk.comsears auto sauguscabelas in tualatin oregonhalquist memorial inpatient centerlennox mall apple storetarget minneapolis mn headquarterscognizant tech solutionwww.robertrothschild.comverizon fios payment locationswhat does csc meanbrink's inccompucom comunemployment layoffat&t in tulsahewlett packard bangalorekmart sears pension service centerst jude medical job openingsgeneral ledger resourcesmasco corporation layoffshoneywell tickerverizon tennesseewells fargo jobs portlandqualcomm locationsdst kansas city careersmyweatherford.caoracle support australiatillys ca