CBS (2024) reported that Citigroup, known as one of the biggest banks in America has a goal of reducing its task force by 20,000 in the next two years. Their effort is to reorganize the organization and remain competitive. CNBC reported that five top banks combined reduced their workforce by 20,000 just this year alone. Is this a race for banks to implement AI? A quick job search for Citigroup shows multiple AI positions open.
