European banks plan to cut 200,000 jobs as AI takes hold | TechCrunch

In Brief Posted: 12:28 PM PST · January 1, 2026 Image Credits: Getty Images Connie Loizos European banks plan to cut 200,000 jobs as AI takes hold Europe’s banking sector is about to get a tough lesson about efficiency. According to a new Morgan Stanley analysis reported by the Financial Times, more than 200,000 European banking jobs could vanish by 2030 as lenders lean into AI and shutter p.