Bank Workers Feel Unmoored as CEOs Talk AI-Related Cuts

Banking CEOs associate AI with layoffs, citing middle office and administrative roles as vulnerable. Investment banker in UAE joked he may be obsolete after using Microsoft Copilot for client pitches. JPMorgan CEO Jamie Dimon said AI may mask hiring missteps, not just automation. Employment lawyer David Parsons warned of discrimination risks in mass cuts of junior or female staff. Credit unions deploying AI tools face scrutiny over workforce impact.