Bank of America bucks AI job woes, hiring 2,000 summer interns

Bank of America will hire 2,000 summer interns and another 2,000 full-time recruits next week, filling roles across consumer, investment, and corporate banking. The move comes as the bank uses AI to improve efficiency while maintaining a flat headcount, according to Josh Bronstein, head of global talent. Bronstein stated the company prioritizes long-term career growth for new hires, despite technological shifts in workflows. The bank hired 18,000 employees globally in 2025, reaching a total workforce of 213,207 by year-end. Though headcount slightly dipped to 212,134 in Q1 2026, Bronstein confirmed hiring remains steady compared to last year. CEO Brian Moynihan highlighted the importance of bringing in young talent, calling it essential for creating opportunities within the company. Bank of America is balancing external hiring with responsible headcount management, allowing attrition to naturally reduce staff while leveraging AI to expand operations. Bronstein noted that AI implementation creates capacity, enabling the bank to grow without proportional hiring increases. The labor market remains resilient nationwide, with April job openings hitting a near two-year high and layoffs declining. This trend reflects broader economic strength despite rising energy costs linked to geopolitical tensions, including the Iran war. The bank’s strategy aligns with its financial targets, which include raising revenue and improving efficiency ratios across business lines.