Artificial Intelligence Could Trigger Massive Job Cuts in European Banks

Jan 29, 2026 - 00:05
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Artificial Intelligence Could Trigger Massive Job Cuts in European Banks
A report suggests that AI could lead to the loss of over 200,000 jobs in European banks. An analysis by Morgan Stanley claims that lenders, including 35 of Europe's largest banks, could reduce their total workforce by 10 percent over the next five years. Let's explore the details.

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