Morgan Stanley projects 200,000+ European banking jobs could be eliminated by 2030 as AI drives efficiency gains of up to 30% in back-office operations.

Morgan Stanley has doubled its forecast for AI-driven European banking job losses to 20% of the workforce by 2030, with cuts already underway at UBS, ABN Amro, HSBC and Société…

Morgan Stanley projects 200,000+ European banking jobs could be eliminated by 2030 as AI drives efficiency gains of up to 30% in back-office operations.