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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 quarter where AI-driven workforce reduction moved from speculation to audited financial data.

The six largest American banks shed 15,000 employees in the first quarter of 2026 while posting 47 billion dollars in collective profits, up 18 per cent year on year. The chief executives are no longer hedging. Jamie Dimon said artificial intelligencewill eliminate jobs and that people should stop sticking their heads in the sand. Wells Fargo’s Charlie Scharf said anyone who claims AI will not reduce headcount either does not know what they are talking about or is not being totally honest. Goldman Sachs circulated an internal memo warning...

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Anker’s travel-friendly Laptop Power Bank has returned to its best price of the year

Sheena Vasani writes about tech news, reviews gadgets, and helps readers save money by highlighting deals and product recommendations for The Verge. Whether you’re heading out for a quick Memorial Day getaway or preparing for summer travel, a reliable power bank can come in handy when there’s no

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Mini Shai-Halud hackers publish over 600 compromised npm packages — developers warned to be on their guard

* More than 600 malicious npm packages were published in a coordinated supply‑chain attack linked to TeamPCP’s Shai‑Hulud campaign * The attackers compromised ecosystems including TanStack, Mistral, and antv, introducing infostealers and persistence mechanisms in developer environments * Developers are advised to roll back to safe versions released before May

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Microsoft Rolls Out Mitigations for ‘YellowKey’ BitLocker Bypass

Microsoft on Tuesday rolled out mitigations for YellowKey, a recently disclosed zero-day vulnerability leading to BitLocker bypass. The issue, now tracked as CVE-2026-45585 (CVSS score of 6.8), can be triggered by an attacker with physical access to a system by using a USB drive containing the publicly released YellowKey

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Memorial Day Gaming Deals Slash $100 Off the ASUS ROG Xbox Ally Handheld

Multiple retailers have marked down the ASUS ROG Xbox Ally handheld ahead of Memorial Day Weekend, slashing $100 of the price. Taking advantage of this deal also gets you three months of Xbox Game Pass Premium. After the three-month trial, pricing costs $14.99 per month if sticking with the

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Anker’s travel-friendly Laptop Power Bank has returned to its best price of the year

Mini Shai-Halud hackers publish over 600 compromised npm packages &mdash; developers warned to be on their guard

Microsoft Rolls Out Mitigations for ‘YellowKey’ BitLocker Bypass

Memorial Day Gaming Deals Slash $100 Off the ASUS ROG Xbox Ally Handheld

Mini Shai-Halud hackers publish over 600 compromised npm packages — developers warned to be on their guard