European Banks to Cut 200,000 Jobs by 2030 as AI Drives Transformation
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 01 2026- Massive Job Cuts: Morgan Stanley's analysis forecasts that over 200,000 jobs will be cut in the European banking sector by 2030, primarily affecting back-office operations, risk management, and compliance, which will profoundly reshape the industry's structure.
- Efficiency Gains Target: The banking sector aims for efficiency improvements of up to 30% through AI technology, which not only accelerates automation but also compels institutions to close physical branches and redefine operational models.
- Global Trend Emerges: This wave of job cuts is not confined to Europe, as U.S. banks like Goldman Sachs are also implementing similar layoffs and hiring freezes, indicating a significant transformation across the global financial industry.
- Talent Shortage Risks: Despite the efficiency gains, industry voices caution that over-reliance on AI could lead to junior bankers lacking fundamental financial knowledge and critical thinking skills, potentially resulting in a future talent shortage.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
