HSBC's CEO told staff not to resist AI, saying it will destroy some jobs but create new ones. The bank's leader emphasized that AI can make employees more productive.
Meanwhile, Standard Chartered plans to cut 8,000 jobs as it replaces lower-value human capital with technology. CEO Bill Winters assured staff that changes will be handled with care.
Morgan Stanley found that one in 20 banking and tech jobs have been cut due to AI in the past year. A survey in Britain shows 60% of people believe AI will eliminate more jobs than it creates.
