Dutch banks to cut thousands of jobs

Bankers in the Netherlands are facing significant job cuts as banks adopt artificial intelligence to reduce costs. ASN Bank announced it plans to eliminate up to 950 positions by the end of next year. This decision is linked to a previous strategy to streamline its operations by reducing several brands.

The move reflects a broader trend in the banking sector, where technology is increasingly replacing traditional roles with Bloomberg Intelligence estimating that global banks will cut as many as 200,000 jobs in the next three to five years.