Morgan Stanley doubles its forecast: European banks could shed 20% of jobs on AI

The Next Web
By Ana-Maria StanciucMay 28, 2026, 9:14 am52 pts
The May estimate is twice the bank’s January figure, and the workforce cuts are already happening at UBS, ABN Amro and HSBC. Morgan Stanley has doubled its forecast for AI-driven job losses across the European banking sector, estimating that as much as 20% of total banking employment could be eliminated by…

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