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HSBC’s CFO just said the bank would turn to AI to cut costs. Now the bank is reported to consider 20,000 job cuts.

https://www.marketwatch.com/story/hsbcs-cfo-just-said-the-bank-would-turn-to-ai-to-cut-costs-now-the-bank-is-reported-to-consider-20-000-job-cuts-7b47233b?mod=mw_rss_topstories
The bank is considering to get rid of roughly 10% of its total workforce, as the bank is focused on “staff-related inflation.”…

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