Sopnendu Mohanty, CEO of GFTN, discusses how AI will affect various banking roles. He predicts growth in front-office jobs while back-office positions will face significant reductions due to automation. JPMorgan executives also foresee job cuts and a shift in workforce dynamics as AI becomes more integrated.

Morgan Stanley predicts that AI will eliminate 200,000 banking jobs in the EU by 2030, primarily affecting back-office roles. Other estimates, like Goldman Sachs, suggest global job losses could reach 300 million, though new jobs may also emerge as a result. The full impact of AI on employment remains uncertain until significant job cuts occur.