Bankers in the Netherlands are facing thousands of cuts as their employers increasingly adopt artificial intelligence and seek to trim costs.
State-owned ASN Bank said on Thursday it will eliminate as many as 950 positions by the end of next year, linking the plan to a previous decision to get rid of several brands
DeltaForceFish on
A bank doing layoffs should raise massive alarm bells.
RG54415 on
The true headline should be “Capitalism has failed”.
SuperNewk on
AI is the scapegoat for a slowing economy. We are grinding to a halt real quick and probably in a depression now or it’s starting.
We are going to see a huge shot of liquidity to protect people’s refinements because that’s all they will have to save them.
We can’t stimulate more jobs, but we can stimulate spending
swiebertjee on
AI is definitely helping to increase productivity, thereby decreasing the need to hire. ASN is unfortunate but I do not see huge layoffs happening.
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From the articleÂ
Bankers in the Netherlands are facing thousands of cuts as their employers increasingly adopt artificial intelligence and seek to trim costs.
State-owned ASN Bank said on Thursday it will eliminate as many as 950 positions by the end of next year, linking the plan to a previous decision to get rid of several brands
A bank doing layoffs should raise massive alarm bells.
The true headline should be “Capitalism has failed”.
AI is the scapegoat for a slowing economy. We are grinding to a halt real quick and probably in a depression now or it’s starting.
We are going to see a huge shot of liquidity to protect people’s refinements because that’s all they will have to save them.
We can’t stimulate more jobs, but we can stimulate spending
AI is definitely helping to increase productivity, thereby decreasing the need to hire. ASN is unfortunate but I do not see huge layoffs happening.