Commerzbank to cut 3,000 jobs as it ‘leverages AI even more’
Commerzbank will cut 3,000 jobs, around 8% of its workforce, as it increases artificial intelligence (AI) investment set at €600m over the next four years.The bank expects €500m in additional value to be added each year through the AI investments from 2030 onwards.As part of its Momentum 2030 plan, the job cuts and AI investment…
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