https://fortune.com/2026/06/07/banks-mass-workforce-cuts-ai-entry-level-jobs-junior-analysts/

@kimmonismus Isn't the job losses Armageddon been cancelled by Amodei and Altman?

@kimmonismus "AI isn't just changing banking it's quietly removing the bottom rung of the career ladder."

@andrpantus for whom?

@PaulGugAI interesting! so youd say its both, right? overhiring + AI?

@kimmonismus AI kills bank jobs, it's a clear winner

@strandedinoslo So you're saying that banks are resisting automating processes?

@kimmonismus This has already been happening actually. know folk in the sector.. but it's broader in terms of 'oops we paid for all this AI stuff- need to get the money back unfortunately, regardless of the value-add' fiduciary duty.

@kimmonismus The over-hiring was very real and very extreme during COVID.

The US economy needs a lot of these roles to move into other, more productive, areas of the economy.

There a lots of smart young people who could be going into manufacturing and aren't.

@kimmonismus junior analyst classes being cut by two-thirds is the headline people will look back at. the bottom of the ladder disappears first, but eventually it reaches every layer.

@kimmonismus that theory about banks using ai as a convenient excuse for overhiring seems to be popping up everywhere lately. it’s hard not to wonder if the tech is actually replacing juniors or if they’re just cleaning up the books.

@kimmonismus Makes sense — banking’s always been a high-fixed-cost, process-heavy sector where automation ROI is clearest. Interesting to watch whether the cuts hit ops first or start creeping into revenue-generating roles.

@kimmonismus It makes sense that financial institutions will be a first line of movement from people to AI.

@kimmonismus well, AI replaced employees in any Banks

@kimmonismus wild how fast that shift is actually happening now.

@kimmonismus AI isn’t “cutting banking jobs” — it’s collapsing the old talent pipeline. When automation absorbs junior workflows, the real risk isn’t headcount but succession: who becomes the next generation of risk managers, structurers and decision‑makers.

@kimmonismus banking is an apprenticeship business

i guess you can't cut the bottom of the pyramid and then act surprised when there's no top in the next ten years

@kimmonismus Banks were always running on rules and pattern recognition, which is exactly why AI doesn't need to negotiate with them first.

Absolutely not, we did a full transcription system and clustering “real time” of every single interaction for Santander Nordics, not a single layoff, then I presented a way to automate close to 90% of the analysis task of every single employee, red tape and network effects (can’t go deeper) killed the initiative, ppl dont care about AI in Banking, like a VP told me (another institution) 12 months ago “I cant be a VP og 2-10 ppl and -what you call them?- agents, Im VP because I have 100 ppl under me”.

@kimmonismus