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undefined Erfan - 23 Feb 2026

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Banks may cut up to 2,00,000 jobs worldwide in 5 years due to Al: Report

  • Banks are projected to cut up to 2,00,000 jobs globally over the next three to five years as Al increasingly takes over tasks performed by humans
  • Bloomberg Intelligence reported following a survey of Chief information and technology officers
  • ack office, middle office and operations are likely to be most at risk
  • Respondents included banks like Citigroup, JPMorgan and Goldman Sachs
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