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200,000 Wall Street Jobs May Be Slashed By Artificial Intelligence
The financial services sector is facing disruption as AI technologies threaten to displace a considerable share of its workforce.
Wall Street Expected to Shed 200,000 Jobs as AI Erodes Roles
Global banks are expected to 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 Bloomberg Intelligence.
Wall Street job losses may top 200K as AI replaces roles
But AI will not eliminate them fully, rather it will lead to workforce transformation.” Nearly a quarter of the 93 respondents predict a steeper decline of between 5% and 10% of total headcount. The peer group covered by BI includes Citigroup,
AI Could Replace 200,000 Jobs on Wall Street, According to a New Report. These Are the Jobs Most at Risk.
A new report shows that company executives plan to cut 3% of their workforce in the next three to five years because of AI.
200,000 people to lose jobs? Back office, operational roles at Wall Street at risk as AI takes over
The rise of artificial intelligence is anticipated to eliminate 200,000 jobs at Wall Street banks in the coming years, particularly in back office positions.
8h
on MSN
BlackRock Leaves Major Climate Group Amid Wall Street Exodus
BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican ...
9h
Authorities identify man who was fatally struck by two vehicles while crossing street in Lawrence
A 66-year-old was fatally injured when he was struck by two vehicle while crossing a major street in Lawrence Tuesday night, according to Essex District Attorney Paul F. Tucker’s office.
9h
on MSN
A North Philly sinkhole opened in the middle of the street, damaging a SEPTA bus
A large sinkhole ruptured the asphalt in North Philly, in the middle of Sixth Street between Rising Sun and Erie Avenues on ...
17h
Elmo tells all: 'Sesame Street' 55th season features SZA, Chris Stapleton, Reneé Rapp and more
The 55th season of the acclaimed family program features a star-studded lineup of musicians that would be the envy of any ...
4d
Victims of Bourbon Street attack in New Orleans include former Princeton football star, aspiring nurse, loving dad
At least 14 people were killed after a driver slammed into a crowd celebrating New Year's on Bourbon Street in New Orleans.
2d
on MSN
Wall Street slumps as good news for the economy is once again bad for stocks
Good news for the U.S. economy is back to being bad for Wall Street as the S&P 500, Dow Jones industrial average and Nasdaq ...
2d
WA sees spike in new chemicals in street drugs, fentanyl
Washington researchers and care providers are struggling to keep up with new chemicals in the region’s illicit drug supply.
6h
on MSN
Coronation Street Tina McIntyre 'to return from dead' as fans 'work out' shock twist
Coronation Street fans are convinced that Tina McIntyre is going to make a return from the dead, after her killer Rob Donovan ...
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