Jamie Dimon says society should start preparing for AI job displacement: ‘Now’s the time to start thinking about’ it

Fortune

by Marco Quiroz-Gutierrez

February 25, 2026

AI-Generated Deep Dive Summary

Jamie Dimon, CEO of JPMorgan Chase, has issued a stark warning about the potential societal impact of AI-driven job displacement. In remarks to investors, he emphasized the need for businesses and governments to proactively prepare for the disruptions AI could bring to the workforce. While acknowledging the productivity gains AI offers, Dimon stressed that society must avoid sudden, large-scale layoffs and instead phase in changes to allow time for adaptation. Dimon pointed to JPMorgan’s own aggressive use of AI as an example. The bank has already integrated advanced AI models into its operations, with one LLM model being used by 150,000 employees weekly. However, he warned that such advancements could lead to significant job losses in the coming years. To mitigate this, JPMorgan is implementing redeployment plans for displaced workers, offering them new roles within the company. Dimon illustrated his concerns with a hypothetical scenario involving autonomous vehicles replacing millions of commercial truck drivers overnight. While the technology could bring safety and efficiency benefits, he questioned whether society would accept the abrupt loss of jobs and the resulting economic strain on those affected. He argued that incremental change is necessary to allow workers time to adapt through retraining or transitioning into new roles. The CEO also called for government action to address these challenges. He suggested possible measures like bans on mass layoffs caused by AI adoption, as well as incentives for companies to invest in worker retraining programs. Dimon’s comments reflect a broader recognition of the transformative power of AI and the need for collaboration between businesses and governments to manage its societal impact. This issue is particularly relevant for businesses as they navigate the rapid pace of technological change. Proactively addressing potential job displacement can help companies maintain stability while still leveraging the benefits of AI. Dimon’s message highlights the importance of ethical considerations in the adoption of new technologies, emphasizing that innovation must be balanced with social responsibility to ensure long-term success and growth.

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Originally published on Fortune on 2/25/2026