Wall Street Job Losses May Top 200,000 as AI Replaces Roles
Jan 9, 2025 · (Bloomberg) -- Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to...
200,000 Wall Street Jobs May Be Slashed By Artificial Intelligence
Jan 9, 2025 · Major Wall Street banks are expected to slash up to 200,000 jobs over the next three to five years due to AI adoption, according to Bloomberg Intelligence.
Wall Street Faces 200k Job Cuts as AI Transforms Workforce
Jan 14, 2025 · Global banks are expected to cut up to 200,000 jobs over the next three to five years as Artificial Intelligence (AI) increasingly takes over tasks traditionally performed by human workers, according to a recent report by Bloomberg Intelligence (BI).
Wall Street Could Cut 200,000 Jobs As AI Takes Over: Study
Jan 9, 2025 · According to a new Bloomberg Intelligence report, Wall Street executives project that AI will enable them to cut 200,000 jobs within the next five years.
Wall Street job cuts hit more than 15,000 as Citigroup cuts 5,500 jobs
Jun 16, 2023 · Citigroup has become the latest big US bank to announce layoffs with 5,000 redundancies as Wall Street job cuts have hit 15,000 this year. It told investors this week it planned to axe the jobs...
Wall Street prepares for 200,000 job cuts as AI takes over: Report
Wall Street banks, including industry giants like Citigroup, JPMorgan, and Goldman Sachs, are expected to cut up to 200,000 jobs over the next three to five years. The reason?
Tech firms, Wall Street titans lead job cuts in corporate America
Feb 8, 2023 · Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out a global economic downturn.
Wall Street Job Cuts Show the Future's Arrived: Marc Rubinstein
Vikram Pandit, a former chief executive officer of Citigroup Inc., once predicted that developments in technology could see 30% of banking jobs disappear over five years.
Analyst Job Cuts, Pay Squeeze Upend Wall Street Equity Research
Jan 8, 2025 · Jerry Diao had all the makings of a successful Wall Street analyst. A degree in statistics from UC Berkeley. An MBA from NYU. And a job in equity research at a big bank covering Silicon Valley tech stocks.
Wall Street job cuts will be shallow and painful | Reuters
Sep 29, 2022 · Bosses of big technology firms may find reassurance in comparing artificial intelligence to a lump of coal. Claimed cost-efficiency breakthroughs made by China’s DeepSeek have rocked markets...