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    AI Can Reportedly Take Away More Than 2 Lakh Banking Jobs by 2030

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    Europe’s banking sector may reduce more than 200,000 jobs by 2030 as lenders adopt AI technologies and move services online, analysts say. The Morgan Stanley analysis reported by the Financial Times projects that roughly 10 per cent of roles at major banks could be lost, particularly in internal operations, with some institutions already announcing workforce reductions.

    Europe’s banking sector may reduce more than 200,000 jobs by 2030 as lenders adopt AI technologies and move services online, analysts say. The Morgan Stanley analysis reported by the Financial Times projects that roughly 10 per cent of roles at major banks could be lost, particularly in internal operations, with some institutions already announcing workforce reductions.
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