200,000 Wall Street Jobs May Be Slashed By Artificial Intelligence

🎯 Impact Sentiment: Concerning

📋 Summary

• Wall Street could see up to 200,000 jobs eliminated due to rapid advances in artificial intelligence.
• The roles at highest risk include back-office operations, support staff, and even some mid-level analytical positions.
• Investment banks and financial firms are adopting AI to boost efficiency, reduce costs, and automate repetitive processes.
• The job cuts are expected to unfold over the next several years, reshaping traditional career paths in finance.

💡 JR Insights

• 💼 Implication: If you’re in finance, especially in support or operations, you’ll need to focus on skills AI can’t easily replace—think relationship management, complex decision-making, or tech-savvy roles.
• 🚨 Risk: Sticking to routine, process-driven jobs in finance is becoming a gamble; even high-performing employees could be vulnerable if their roles are automatable.
• ✨ Takeaway: The smartest move right now is to upskill or transition to areas where human judgement, creativity, or regulatory expertise matter. Don’t wait for the next round of cuts—future-proof your career starting today.