Bankers take note: AI could be your next coworker.
Bloomberg Intelligence surveyed chief information and technology officers at 93 major banks, including Citigroup, JPMorgan, and Goldman Sachs, in a report released Thursday.
The report showed that AI could lead to as many as 200,000 job cuts in the banking industry in the next three to five years. Executives expect to cut an average of about 3% of their overall workforce as AI automates more tasks. Nearly one in four executives said that more jobs than the average could be cut, about 5% to 10% of their total workforce.
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