JPMorgan CEO Sees Headcount Steady Despite AI: ‘Always Redeploy’

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon — weighing in amid a wave of job cuts at other employers — said headcount at the largest US bank will probably remain steady or rise as it continues to roll out artificial intelligence, if “we do a good job.”

“We always redeploy,” Dimon said in an interview with CNN broadcast after market hours in the US, talking about what happens to people whose work is affected by the technology. Broadly, he said, AI will reduce human workloads in many roles, but “it will also create jobs.”

Recent US workforce reductions, ...