Vanishing BFSI jobs

Globally, banks and financial institutions are rethinking workforce requirements as AI and automation become mainstream. Standard Chartered recently announced plans to reduce thousands of jobs over the next few years while accelerating AI adoption. Global lenders such as Citi, UBS, HSBC and Morgan Stanley have also undertaken restructuring exercises, with technology increasingly replacing repetitive back-office and operational work. Even in India, technology-led efficiencies are enabling banks to redeploy employees from operational functions to customer-facing roles.