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 .

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

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

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38% by 2030 number of jobs LOST to AI




Our new reality

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

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