200,000 European banking jobs at risk, warns Morgan Stanley
Morgan Stanley forecasts over 200,000 European banking jobs could be lost in the next four years due to accelerated AI adoption and branch closures. Analysts predict a 10% workforce reduction by 2030, primarily impacting central services divisions as lenders seek efficiency gains and improved returns on equity.
Morgan Stanley forecasts over 200,000 European banking jobs could be lost in the next four years due to accelerated AI adoption and branch closures. Analysts predict a 10% workforce reduction by 2030, primarily impacting central services divisions as lenders seek efficiency gains and improved returns on equity.
