Wall Street job losses may top 200,000 as AI replaces roles
Thu, Jan 9, 2025 7:48 PM

Wall Street job losses may top 200,000 as AI replaces roles

A Flip by Shubhangi Gupta
Get it on Google Play
Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence. Chief information and technology officers surveyed for BI indicated that on average they expect a net 3% of their workforce to be cut, according to a report published Thursday.

More great flips

Kotak Equities downgrades Trent to ‘sell’

Kotak Equities downgrades Trent to ‘sell’

The shares of Trent, the fashion and retail arm of the Tata Group, witnessed a decline of 3.7% on Thursday and hit their day's low of Rs 6,152.50 on the BSE after domestic brokerage firm Kotak Institutional Equities downgraded the stock to ‘sell’ from an earlier ‘add’ rating. The domestic brokerage has also lowered the target price for Trent shares to Rs 5,850 from Rs 6,800.

Open Flip
India's steel ministry seeks $1.7 billion from budget

India's steel ministry seeks $1.7 billion from budget

India's steel ministry is seeking 150 billion rupees from the budget to incentivize low-carbon steel production, part of a broader effort to cut emissions by 2070, with plans to offer incentives for reducing emissions, R&D, and raw material efficiency, and encourage banks to offer lower interest rates on renewable energy loans.

Open Flip
Delhivery share price jumps 3% after launch of 2-hour delivery service

Delhivery share price jumps 3% after launch of 2-hour delivery service

Delhivery share price gained 3% during the intraday trades on Thursday. The company made a announcemnet pertaining to launch of 2-hour delivery service. Delhivery share price that opened at ₹327.40 on the BSE on Thursday, sligtly higher than the previus close of ₹325.15. The Delhivery share price thereafter saw further gains of up to ₹335, which transalated in to gains of almost 3%.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon