Research/Blog
Job Loss due to AI
- March 5, 2020
- Posted by: CellStrat Editor
- Category: Artificial Intelligence
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![](http://learning.cellstrat.com/wp-content/uploads/2020/02/jobs-840x256.jpg)
As many as 200,000 workers in the banking industry could lose their jobs by 2030 because of AI, according to a new report by a Wells Fargo analyst. The report has not been released in its entirety, although the Winston-Salem Journal was able to report on it. Mike Mayo, the senior banking analyst at Wells Fargo, wrote in the report that “this will be the biggest reduction in U.S. bank headcount in history.” He expected headcount reductions to begin as soon as this month. – WINSTON-SALEM JOURNAL