Written by Catherine Doherty | Bloomberg
Bank of America continues to hire even as artificial intelligence and other technology tools take away jobs and cut off many traditional career paths.
Next week, 2,000 summer interns and another 2,000 full-time recruits from college campuses will flood Bank of America’s offices. They will start in roles across the company’s eight business lines, including consumer, investments and corporate banking, said Josh Bronstein, the company’s head of global talent.
“This is an important leadership pipeline for our company and will bring us a broad group of talent with whom we will grow our long-term careers,” Bronstein said in an interview. “While some of the jobs will certainly change as a result of technology, that doesn’t mean the overall needs of our campus classes will change.”
Bank of America is redeploying staff across the company and using AI to make its workforce more efficient in an effort to keep costs down by keeping its headcount constant. Last year, executives at the Charlotte, North Carolina-based company laid out several financial goals aimed at increasing sales and reducing efficiency rates across business areas.
The bank employed approximately 18,000 people worldwide in 2025, reaching a total of 213,207 by year-end. Although that number fell to 212,134 in the first quarter, Bronstein said the company is still hiring at a similar pace to a year ago, with roughly the same classes of summer interns and full-time hires.
“We need young people,” Bank of America CEO Brian Moynihan said in an interview on Bloomberg TV Wednesday afternoon. “We’re always hiring people for this company and we’re always trying to create opportunities for people.”
Nationally, job openings surged to the highest level in nearly two years in April and layoffs declined, further signs that the labor market remains resilient even as companies weather rising energy costs sparked by the Iran war.
“We are committed to responsibly managing the company’s headcount while bringing external talent into the company,” Bronstein said. That means allowing the natural attrition of people and leveraging technology to grow the business in other ways.
“We appreciate the capacity that will be created as a result of implementing technologies such as AI,” Bronstein said.
