New York, January 14:슬롯 머신 사이트 추천AI will reportedly lead to massive job losses on Wall Street슬롯 머신 사이트 추천amid its dominance in various sectors. The Wall Street슬롯 머신 사이트 추천layoffs are expected to affect슬롯 머신 사이트 추천over 2,00,000 people. Wall Street is the슬롯 머신 사이트 추천US financial market, which is슬롯 머신 사이트 추천the place of the world's largest stock exchanges. Located in New York City, Wall Street is the Financial District of Lower Manhattan, consisting슬롯 머신 사이트 추천of the largest firms and stock exchanges.

According to a report by Fortune, global banks will lay off as many as 2,00,000 employees in the next three to five years as artificial슬롯 머신 사이트 추천intelligence takes over the tasks of human workers on Wall Street.슬롯 머신 사이트 추천AI슬롯 머신 사이트 추천is already feared by many as a force that will take jobs like writing, coding,슬롯 머신 사이트 추천entertainment, teaching, and finance, among various other sectors.슬롯 머신 사이트 추천Meta Layoffs Coming in 2025: Mark Zuckerberg슬롯사이트s Company To Cut Mid-Level Engineers Roles To Save Millions To Continue Coding, Automation With AI, Says Report.

The report슬롯 머신 사이트 추천said that a survey by chief information and technology officers for BI (Business Insider) indicated that, on average, around 3% of their workforce슬롯 머신 사이트 추천would be슬롯 머신 사이트 추천cut in the coming times. The Wall Street layoffs will likely risk job roles, including back-office, middle-office, and operations, as per BI senior analyst Tomasz Noetzel.슬롯 머신 사이트 추천

The report also슬롯 머신 사이트 추천highlighted that the job cuts would impact customer service슬롯 머신 사이트 추천roles, as슬롯 머신 사이트 추천they would likely be replaced by 슬롯 머신 사이트 추천AI bots helping customers. Noetzel said that any job that involves routine and repetitive tasks would be at major risk. He added that artificial intelligence would not eliminate these roles fully but lead to a transformation in the workforce.슬롯 머신 사이트 추천

In the survey, around a quarter of 93% of respondents predicted슬롯 머신 사이트 추천that the layoffs would impact슬롯 머신 사이트 추천5% to 10% of the total슬롯 머신 사이트 추천headcount. Business Insider reportedly surveyed the largest슬롯 머신 사이트 추천financial players in the market, including Goldman Sachs Group, JPMorgan Chase, Citigroup, and others.슬롯 머신 사이트 추천Microsoft Layoffs: No Plans To Lay Off Employees in India, Says Company슬롯사이트s South Asia Head Amid Reports of Job Cuts Across Departments Globally.

The findings said that banks슬롯 머신 사이트 추천could see 12% to 17% pretext profits as AI power increases productivity. Eight respondents expected that슬롯 머신 사이트 추천generative AI슬롯 머신 사이트 추천would increase슬롯 머신 사이트 추천productivity and revenue generation by at least 5% in the upcoming three to five years.

(The above story first appeared on LatestLY on Jan 14, 2025 02:44 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).