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You are here News Economy Bank of America CEO confirms Gen Z’s hiring nightmare is real: He just hired 2,000 recent grads from 200,000 applications

Bank of America CEO confirms Gen Z’s hiring nightmare is real: He just hired 2,000 recent grads from 200,000 applications

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Brian Moynihan of Bank of AmericaBank of America CEO Brian Moynihan says the headlines about Gen Z’s fears about AI and the job market are real.

The bank recently hired 2,000 top grads from 200,000 applications, the executive said in an interview with CBS News‘ Margaret Brennan on Face the Nation. As companies cite AI for widespread layoffs, Moynihan acknowledges that many young people feel scared and uncertain about the future.

“My advice to those kids, if you ask them if they’re worried about, they say they’re worried about—these are kids that we hire, 200,000 applications, we hire 2000 people.” Moynihan added that “if you ask them if they’re scared, they say they are. And I understand that. But I say, harness it … It’ll be your world ahead of you,” Moynihan said.

“My advice to those kids, if you ask them if they’re worried about, they say they’re worried about—these are kids that we hire, 200,000 applications, we hire 2000 people.” Moynihan added that “if you ask them if they’re scared, they say they are. And I understand that. But I say, harness it … It’ll be your world ahead of you,” Moynihan said.

Moynihan said it’s too soon to say how AI will play out in the job market, but he hopes to use efficiencies created by the technology to invest in more growth.

Moynihan said it’s too soon to say how AI will play out in the job market, but he hopes to use efficiencies created by the technology to invest in more growth.

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