In A Move Pushed by AI, An Italian Bank Is Cutting 9,000 Jobs

Intesa Sanpaolo, Italy’s biggest bank, has made a deal with trade unions to cut 9,000 jobs. This is equal to about 10% of its workforce and is necessary because artificial intelligence (AI) and digitalization are growing. The bank also said in a statement late Wednesday that it wants to hire 3,500 young people by the … Continue reading In A Move Pushed by AI, An Italian Bank Is Cutting 9,000 Jobs