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Is AI behind job cuts at NAB and the big banks?
· 3:07
Episode Is AI behind job cuts at NAB and the big banks?
National Australia Bank has become the latest Australian bank to announce job cuts, saying it will shed about 2,500 people.
The bank blames challenging economic conditions and a sharp drop in home lending, while more than 7,000 banking jobs have been axed across the sector.
Experts say artificial intelligence is replacing human jobs, so should the banks be compelled to be more open about their restructuring plans?
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