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Bank of America CEO admits that AI is shrinking some departments even as bank boosts minimum wage to $25

Source
Bank of America: Bank of America CEO admits that AI is shrinking some departments even as bank boosts minimum wage to $25
Published
Sep 18, 2025
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“The key to that is really redeploying people and re-skilling them,” Brian Moynihan said on Bloomberg TV, adding that he hopes to redeploy, not replace.

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