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Global banks are "reaching a consensus": with the spread of AI, layoffs are inevitable, especially in middle-office and entry-level positions.

Global banks are "reaching a consensus": with the spread of AI, layoffs are inevitable, especially in middle-office and entry-level positions.

Executives at major global banks are forming a rare consensus on the topic of AI replacing human labor—layoffs are inevitable, with middle-office functions and entry-level positions bearing the brunt, and the employment landscape in the financial industry is facing structural reshaping. On June 7, Bloomberg reported that JPMorgan Chase