AI Jobs

The pretense is officially over. For years, Wall Street executives delivered a comforting mantra: AI will enhance your work, not replace it. This week, as Q1 2026 earnings rolled in, that narrative crumbled in spectacular fashion. JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, and Wells Fargo collectively reported $47 billion in profits — up 18% year-over-year — while shedding approximately 15,000 employees. More money, fewer humans. The math is brutal and undeniable. ...

When billionaires start worrying about their children’s job prospects, the rest of us should probably pay attention. “What will our kids do?” That’s the question Morgan Stanley analyst Adam Jonas — the bank’s first-ever “global embodied AI strategist” — says was the single most common thing investors asked at last week’s TMT Conference in San Francisco. Not revenue projections. Not competitive moats. What happens to the next generation of workers. ...