TZUTC: -0500
MSGID: 1910.consprcy@1:2320/105 2dbd2a5b
PID: Synchronet 3.21a-Linux master/123f2d28a Jul 12 2025 GCC 12.2.0
TID: SBBSecho 3.28-Linux master/123f2d28a Jul 12 2025 GCC 12.2.0
BBSID: CAPCITY2
CHRS: ASCII 1
FORMAT: flowed
Experts warn AI advances could lead to 200,000 banking jobs being cut this
year

Date:
Fri, 02 Jan 2026 12:35:00 +0000

Description:
European banking workers could be at risk of redundancy due to AI after years
of job cuts from store closures.

FULL STORY

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. 

The report claims as many as 200,000 European banking jobs are forecast to be
at risk by 2030 as a result of AI, equating to around 10% of Europe's finance
workforce across 35 major banks. 

Job cuts are mostly expected to hit back- and middle-office roles, including
risk management and compliance, where AI can deliver around 30% efficiency
gains.

Could AI replace bankers? 

Banks have already been criticized for closing physical locations in recent
years to cut costs, with over 6,000 closures in the UK since 2015, but their
models are being challenged once more as artificial intelligence threatens
many of the remaining human workers. 

Already, we've seen some of the effects of AI on the banking workforce, with
ABN Amro, Socit Gnrale and Goldman Sachs all warning of potential job cuts or
hiring freezes. 

However, JPMorgan Chase CEO Jamie Dimon warned of the opposite  removing
junior roles could undermine future skills and training, therefore while such
a move could prove successful in the short term, it could lead to long-term
failures. 

This could also lead to career ladder disruptions, where a lack of 
entry-level roles make the sector inaccessible to newly-qualified workers. 

Dimon even suggested that AI could hold the key to unlocking shorter working
weeks and better work-life balance for employees. 

AI's effects have been largely delayed on the industry given its heavily
regulated nature, but with a growing number of compliant AI tools hitting the
shelves, the same effects we've seen on tech and retail workers could be
mirrored in banking next. 

======================================================================
Link to news story:
https://www.techradar.com/pro/experts-warn-ai-advances-could-lead-to-200-000-b
anking-jobs-being-cut-this-year

$$
--- SBBSecho 3.28-Linux
 * Origin: Capitol City Online (1:2320/105)
SEEN-BY: 105/81 106/201 128/187 129/14 305 153/7715 154/110 218/700
SEEN-BY: 226/30 227/114 229/110 134 206 275 300 307 317 400 426 428
SEEN-BY: 229/470 664 700 705 266/512 291/111 320/219 322/757 342/200
SEEN-BY: 396/45 460/58 633/280 712/848 902/26 2320/0 105 304 3634/12
SEEN-BY: 5075/35
PATH: 2320/105 229/426