AI in Banking: Job Cuts Loom as Algorithms Take Over
Update: 2026-01-01
Description
Banks brace for massive job cuts as AI automates back-office tasks, with Morgan Stanley predicting 30% efficiency gains. Goldman Sachs and European banks like ABN Amro and Société Générale are leading the charge, while JPMorgan Chase urges caution. The AI revolution in banking promises big savings but raises questions about the future of work in finance. Checkout Solipillow.com
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