Wall Street may slash 200,000 jobs

December jobs report has Wall Street starting to talk about rate hikes in 2025
A hot December jobs report has many strategists confident the Federal Reserve will hold off on further interest rate cuts for now. And some on Wall Street think this report may have even cracked the door open for the Fed to consider rate hikes in 2025.
200,000 Wall Street Jobs May Be Slashed By Artificial Intelligence
The financial services sector is facing disruption as AI technologies threaten to displace a considerable share of its workforce.
Wall Street Expected to Shed 200,000 Jobs as AI Erodes Roles
Global banks are expected to cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence.
Wall Street job losses may top 200K as AI replaces roles
But AI will not eliminate them fully, rather it will lead to workforce transformation.” Nearly a quarter of the 93 respondents predict a steeper decline of between 5% and 10% of total headcount. The peer group covered by BI includes Citigroup,
AI Could Replace 200,000 Jobs on Wall Street, According to a New Report. These Are the Jobs Most at Risk.
A new report shows that company executives plan to cut 3% of their workforce in the next three to five years because of AI.
200,000 people to lose jobs? Back office, operational roles at Wall Street at risk as AI takes over
The rise of artificial intelligence is anticipated to eliminate 200,000 jobs at Wall Street banks in the coming years, particularly in back office positions.

Wall Street bonuses to climb by 10% or more at biggest banks

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