AI implementation is affecting hiring practices at leading banks such as JPMorgan and Goldman Sachs, with lower hiring rates despite positive financial performance. JPMorgan increased its headcount by just 1% even as Q3 profit rose 12% YoY to $14.4bn, partially due to a move toward AI automation. Amid a government shutdown, the Trump administration may slash over 10,000 federal jobs.
The introduction of
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Big banks like JPMorgan Chase and Goldman Sachs are already using AI to hire fewer people
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