Banks lay groundwork for mass workforce cuts as AI takes hold
Source: The Straits Times
Published on: 2026-06-08 00:23
Most bank executives are in agreement: Jobs will be cut as AI is implemented. LONDON - In the hope he'll land a job in finance, Andre Bonnick spends hours rehearsing what he's going to say. He's using key words from job listings, making eye contact - following advice he's gotten from recruiters. But Bonnick, a student at Warwick University, isn't preparing to talk to a human hiring manager. He's tackling initial screening rounds done by artificial intelligence-powered software. With more firms adopting AI, students gunning for a career in banking and finance are preparing to be up against such technology at first interaction. If they get in the door, they're then faced with the question of whether the jobs will be available to humans in the next few years. Most executives are in agreement: Jobs will be cut as AI is implemented. JPMorgan Chase & Co. chief executive officer Jamie Dimon...
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