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TechRadar
TechRadar
Craig Hale

Experts warn AI advances could lead to 200,000 banking jobs being cut this year

Jamie Dimon Europe JPMorgan Chase TechRadar
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  • 200,000 European banking jobs could be lost by 2030, analysts warn
  • Physical bank closures have already led to widespread losses
  • JPMorgan Chase CEO disagrees – we need entry-level jobs for long-term success

AI-induced tech layoffs are already widely reported, but a new Morgan Stanley report (via the Financial Times) suggests banking could be the next industry to be hit with widespread redundancies.

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