What happened
Bill Winters announced the plan at a Hong Kong investor briefing on 19 May 2026, covering more than 15% of 52,271 corporate-function positions. Affected functions include risk management and regulatory compliance. After criticism he apologised for his choice of words and said the remarks were taken out of context — but he did not withdraw the workforce plan.
Attribution and company response
Revenue held, staff cut. The published revenue comparison held or grew — $20.9bn operating income in FY2025, up 6%. This clears the tracker’s revenue screen; it does not prove AI substitution, completed departures or the absence of financial pressure.
What the figures show
WHO BENEFITS?
Shareholder distributions were announced; the record does not yet establish who gained from the workforce change.
- Business performance
- $20.9bn operating income in FY2025, up 6%
- Worker pay
- Comparable employee pay not yet verified
- Workforce impact
- 7,800+ · 15% of corporate functionsMAY 2026 · Scope of the reported event, not net job losses.
- Announced distributions
- 61 US cents per share dividend announcedFor 2025; announced February 2026 · Announced, not confirmed cash paid.
Two-year history · 8 quarters
Jul 2024–Jun 2026 · USD millions · 2 of 6 measures cover every quarter. Checked 2026-09-22.
Each chart uses its own scale. Financial gains do not establish gains for workers or an effect caused by AI.
| Quarter ended | Bank operating income | Net profit / loss | Operating cash | Cash investment (PP&E) | Buybacks paid | Dividends paid |
|---|---|---|---|---|---|---|
| 4,950 | 1,147 | — | — | — | — | |
| 4,802 | 526 | — | — | — | — | |
| 5,379 | 1,592 | — | — | — | — | |
| 5,527 | 1,734 | — | — | — | — | |
| 5,110 | 1,298 | — | — | — | — | |
| 4,926 | 473 | — | — | — | — | |
| 5,902 | 1,910 | — | — | — | — | |
| 5,702 | 1,761 | — | — | — | — |
Bank operating income is the banking top line, not operating profit. Reported profit after tax. The data pack re-presents historical figures; cash distributions have not yet been extracted into a comparable quarterly series.
* Calculated by subtracting reported periods: usually cumulative total minus the previous cumulative total, or full year minus nine months for Q4. Monday.com Q1 is half year minus Q2. Click a value for its source; click * for the subtracted period. Some calculations use different filings and may be affected by restatements. Fiscal dates differ between companies; compare the same season a year earlier.
Worker pay remains annual in the compensation table. Missing quarterly pay or headcount is not interpolated. This is financial-history coverage, not a complete assessment of who benefits.
Sources & limits
Revenue is not profit. These figures may cover different periods and do not isolate the effects of AI. Median pay includes more than salary and can change with workforce composition; it does not track raises for the same employees.
What share of the 7,800-plus is attributable to AI rather than broader restructuring, or whether the losses come through redundancy or attrition. The 2030 figure is a plan, not a completed outcome.
Allocation evidence: Also announced a $1.5bn buyback. These announcement figures are not verified cash paid, and precede the May 2026 workforce plan. Checked 22 September 2026. Allocation source ↗
Sources and dates
- CEO statement · Mint, carrying Reuters · MAY 2026.
- Financial record: Source ↗