TL;DR The six largest US banks shed 15,000 jobs in Q1 2026 while posting $47 billion in profits, with CEOs explicitly crediting AI for headcount reductions; JPMorgan, Citi, Goldman Sachs, Bank of America, and Wells Fargo are now disclosing specific AI productivity metrics in earnings calls, marking the quarter where AI-driven workforce reduction moved from speculation to audited financial data. The six largest American banks shed 15,000 employees in the first quarter of 2026 while posting 47 billion dollars in collective profits, up 18 per cent year on year. The chief executives are no longer hedging. Jamie Dimon said artificial intelligence will eliminate jobs and that people should stop sticking their heads in the sand. Wells Fargo’s Charlie Scharf said anyone who claims AI will not reduce headcount either does not know what they are talking about or is not being totally honest. Goldman Sachs circulated an internal memo warning of job cuts and a hiring freeze under a programme called OneGS 3.0.…