In a research note, Morgan Stanley makes a ‘layoff forecast’ for European Banks; says: AI will help in productivity gains of 30% resulting in job cuts of up to …
Stanley has an artificial intelligence (AI)-led layoff ‘warning’ for employees of European banks. In a research note, the American bank has predicted that AI could help European banks achieve productivity gains of around 30%, potentially resulting in job cuts of up to 20% over the next five years.Morgan Stanley’s team of analysts, led by Giulia…