From mild to wild: What impact will AI have on banking jobs? Banking Top banking bosses have issued their AI verdict after Standard Chartered stunned the sector with plans for sweeping job cuts last month. In this week’s column Samuel Norman looks at whether a reckoning could be on the horizon. The big-name banker must have known how the conversation would go when he arrived for lunch with [...]
‘Delighted to be wrong’ – Sam Altman changes tune on AI job apocalypse fears Tech OpenAI boss Sam Altman has softened his warnings over AI wiping out white-collar work, saying the feared “jobs apocalypse” has so far failed to materialise despite the tech rapidly reshaping business decisions and operations. Speaking on Tuesday, Altman admitted he had expected AI to eliminate far more entry-level office jobs by now following the launch [...]
‘It will reduce jobs’ – Jamie Dimon sounds off on AI’s impact on banks Banking One of the world’s leading financial figures has warned AI will inevitably lead to a cut in jobs amid growing jitters around the impact the new tech will have on the banking sector. Jamie Dimon – the top boss of America’s largest bank, JP Morgan – said: “I think [AI] will reduce our jobs down [...]
European banking jobs face AI reset ‘not mass job losses – for now’ April 10, 2026 European banking jobs are in line for a boost from AI despite widespread fears the integration of new tech will trigger mass layoffs, according to fresh analysis. The headcount at the top lenders is expected to get a four per cent average uplift, analysts from Bloomberg Intelligence said in a new note. The increase is [...]
Will this year’s university cohort be able to get a job? April 6, 2026 At a time when many university students are revising for their final exams, data from the Office for National Statistics highlights a sharp slowdown in entry-level hiring, leaving this year’s cohort facing growing uncertainty about what awaits them after graduation, says Rod Flavell With just three months to go before exams and the transition into [...]
Ex-Google executive puts AI hiring under scrutiny March 18, 2026 A former Google Cloud executive has put AI hiring and its consequences under renewed scrutiny in a US courtroom. The unnamed ex-Big Tech employee’s testimony revolved around how automated, agentic systems are increasingly shaping recruitment decisions, not at the final interview stage, but much earlier, where candidates are filtered, ranked and, in many cases, excluded. [...]
Close Brothers to axe fifth of jobs after motor finance ‘wipeout’ warning March 17, 2026 Close Brothers has warned it will cull as much as a fifth of its headcount as the bank continued its aggressive cost-cutting strategy following mounting losses linked to the motor finance scandal. The FTSE 250 bank said it would axe a staggering 600 full-time roles by the end of the 2027 financial, which represents around [...]
‘Patronising gibberish’ – Top Tory slams Labour’s ‘masculine’ job ad crackdown March 5, 2026 Labour has been criticised for issuing new guidance that warns employers against using ‘masculine’ language in job descriptions. The Office for Equality and Opportunity’s new guidance, published on Wednesday, suggests that businesses swap ‘aggressive character traits’ for more neutral, behaviour-based criteria. The document urges businesses to use neutral language and titles, including “avoid terms associated [...]
UK unemployment will surpass pandemic high, says JP Morgan February 24, 2026 UK unemployment will brush past its peak in the Covid-19 pandemic, Wall Street’s biggest bank has predicted, as employer’s still feel the brunt of Rachel Reeves’ cash grabs. The rate of unemployed Brits is tipped to reach 5.5 per cent by the late spring, according to a forecast by JP Morgan, which would mark an [...]
Private sector axes more jobs amid Reeves’ tax and wage pressures February 20, 2026 The UK’s private sectors culled jobs for the seventeenth consecutive month in February led by a significant drop in the services sector as businesses were still digesting the impact of Labour’s 2024 Autumn Budget. The latest flash Purchasing Managers Index (PMI) from S&P Global described the rate of job shedding in February as at a [...]