TECH NEWS
Wall Street’s six largest banks cut 15,000 jobs and posted $47 billion in profits. The CEOs stopped pretending.
TL;DR The six largest US banks shed 15,000 jobs in Q1 2026 while posting $47 billion in profits, with CEOs explicitly crediting AI for headcount reductions; JPMorgan, Citi, Goldman Sachs, Bank of America, and Wells Fargo are now disclosing specific AI productivity metrics in earnings calls, marking the