Home / Technology / Brian Moynihan on AI job cuts: Look at impact of computers in the 1960s

Brian Moynihan on AI job cuts: Look at impact of computers in the 1960s

“People wrote … in 1969 that there would be no managers left in business because the computer itself would eliminate the need for managers, because they just moved information. Well, guess what? We have 20,000 managers today at Bank of America,” Moynihan said.

“People wrote … in 1969 that there would be no managers left in business because the computer itself would eliminate the need for managers, because they just moved information. Well, guess what? We have 20,000 managers today at Bank of America. And w… [2365 chars]

Source: Fortune | Published: 2026-02-16T15:47:13Z

Credit: Fortune

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