Dimon Says JPMorgan Headcount to Keep Rising Despite Automation
- People are ‘massively overreacting’ to threat of technology
- JPMorgan CEO calls for training those whose jobs are replaced
Jamie Dimon.
Photographer: Laura McDermott/BloombergThis article is for subscribers only.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said that the number of employees at his bank will continue to rise as the firm hires more technology workers and expands overseas.
“We’re using bots today, it’s not going to stop us from opening retail branches” or hiring private bankers or expanding in Africa, Dimon, 61, said in an interview published Monday on LinkedIn. “My guess is our headcount will go up over the next 20 years, not down.”