Jamie Dimon says JPMorgan has slashed 40% of jobs in some departments, thanks to AI
JPMorgan Chase has reduced headcount by 30% to 40% in certain departments through artificial intelligence adoption. Most affected employees were offered positions elsewhere in the company, though the bank expects AI token expenses to increase in the second half of the year.
Read full story →Companies are charging ahead with AI—even though middle managers are not ready for it
Companies are collapsing management layers and prioritizing AI adoption at over 50% of firms, while 75% cite operational efficiency as a goal. However, chief people officers are often excluded from these transformation conversations, potentially limiting organizational change management effectiveness.
Taiwan says it was targeted last month in AI-driven hacking campaign
Taiwan's government agencies faced AI-assisted cyberattacks from overseas in July that targeting multiple government bodies. The Ministry of Digital Affairs confirmed the incidents were successfully contained, though specific details about the attacks' nature or targets were not disclosed.
Leadership now means thinking across industries
Modern organizations face challenges like trust and sustainability that transcend sector boundaries, yet leadership training still emphasizes mastery within single industries. Cross-industry leadership,learning from superyacht builders to rethink universities or applying retail logistics to hospitals,is the skill now required but rarely taught.