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Business

Ashley Lutz

Bank of America CEO says he hired 2,000 recent Gen Z grads from 200,000 applications, and many are scared about the future

Brian Moynihan Bank of America Jerome Powell US Federal Reserve

(Credit: Getty Images via Bloomberg)

Bank of America CEO Brian Moynihan says Gen Z is scared about AI and the job market, but he has words of encouragement.

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.

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