BofA’s Four-Worker Headcount Drop Suggests Bankers’ Jobs Are Safe So Far

For all the big US banks predict efficiencies from artificial intelligence, they haven’t led to significant job cuts — yet.

At the end of the third quarter, Bank of America Corp. employed just four fewer people than it did a quarter earlier; its workforce of about 213,000 is roughly unchanged from a year ago. JPMorgan Chase & Co. added a little more than 2,000 people in the same period — a 0.7% increase — with more than one-third of the new hires joining its corporate unit.