What bank execs are saying AI is doing to their workforces, from 'human assembly lines' to redeployment plans

From Goldman Sachs to JPMorgan, here's what industry leaders at are saying about how AI may impact jobs.
The Business Journals

Bank of America CEO: 2,000 roles cut through automation since mid-2025

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The bank cut roughly 2,000 roles ...
Post and Courier

BofA CEO Brian Moynihan's pay rises to $41 million

NEW YORK — Bank of America has approved $41 million for CEO Brian Moynihan's total compensation for 2025, reflecting a more than 17.1 percent rise from last year. Moynihan, 65, is one of the ...

Bank of America’s CEO Told Employees ‘You Don’t Have to Worry’ About AI Replacing Jobs — Four Months Later, He Cut 1,000

Brian Moynihan told employees not to worry about AI. Then he credited the technology with eliminating jobs "through attrition." ...
Hosted on MSN

Bank of America eyes 30 million additional clients with redesign of rewards program

Bank of America Corp. (NYSE: BAC) plans to replace its longtime rewards program with a new loyalty platform designed to reach tens of millions of additional customers. ALSO READ: Former Bank of ...