Reply to Jamie Dimon - CEO of JPMorgan Chase - is an idiot and out of touch

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[quote=Anonymous]I use PNC bank. A few around me have shutdown, and the one I now go to has 2 people working in it. The teller windows are usually closed. If someone needs a teller, one of the workers will open a window.  I went into the bank recently to close down a business account, and open accounts for my teen DC.  The worker was telling us how awful it was that so many of their branches are closing because of automation.

FWIW, I used to work as a teller in the early 90s in a bank.  It's ridiculous for a CEO of a bank to think that bank teller jobs are secure.

Even JP Morgan bank has reduced teller staff.  The little that they have are paid barely enough to live on for a family. Ridiculous for a billionaire CEO to tell young people to get a job as a teller.  Seems self serving.

https://www.moneytalksnews.com/slideshows/americas-fastest-shrinking-jobs-is-yours-at-risk/

[quote]Digital banking adoption has decreased teller demand by 51,000 positions, with mobile check deposits and AI-powered financial assistants handling routine transactions. J[b]PMorgan Chase reports a 35% reduction in branch transactions since 2020.[/b]

This shift in consumer behavior has accelerated workforce reductions as banks consolidate branches and invest in digital infrastructure rather than maintaining large teams of in-person tellers. Ironically, while teller positions disappear, opportunities in high-interest online banking are expanding, offering consumers better returns on their savings.[/quote]

-OP[/quote]

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