AI Tsunami Hits Wall Street: 200,000 Job Losses Predicted
2025-01-10
Bloomberg Intelligence predicts that global banks will cut as many as 200,000 jobs over the next three to five years due to the rapid advancement of artificial intelligence. AI is automating repetitive tasks, with back-office, middle-office, and operations roles most at risk. While some banks emphasize that AI will transform rather than eliminate jobs entirely, the industry will undoubtedly undergo significant changes, leading to increased profitability for banks.
Tech
Job Losses