Bloomberg analysts

Jan. 9 (Bloomberg Intelligence) -- The global banking industry is set to cut up to 200,000 jobs over the next three to five years as AI gradually replaces work tasks currently done by humans, according to analysis released today by Bloomberg Intelligence. A Bloomberg Intelligence survey of CIOs and technology officers showed that respondents on average expect to cut about 3% of their workforce. Report author and Bloomberg Intelligence senior analyst Tomasz Notzl noted that back-office, middle-office and operations positions are most likely to be affected. The customer service area is likely to change, and robots will...