3 Major Banks Just Replaced Humans with AI

Australian banks Bendigo and Adelaide are moving forward with large-scale layoffs, despite a 12.8% earnings increase, as AI and automation replace significant portions of their workforce. Get updated: https://www.aiupdate.ai By 2028, the banks expect $75 million in annual savings—a direct result of cutting roughly 11.5% of jobs. This is only accelerating. AI now accounts for 25% of reported layoffs, up from 5% last year and 3% the year before. Quiet firings and automation are driving unreported job loss. If you’re relying on the old playbook, you’re running on borrowed time. Companies aren’t waiting. AI is already here, and the market rewards those who adapt. Chapters: 00:00 - Intro 00:50 - What's Happening? 02:20 - Layoffs & AI vs Humans 05:35 - Rise of AI in Business 07:40 - Conclusion References: https://www.reuters.com/business/finance/citigroup-says-ai-helps-speed-account-openings-systems-upgrades-2026-04-08/ https://www.reuters.com/world/asia-pacific/australias-bendigo-bank-posts-13-jump-third-quarter-earnings-confirms-layoffs-2026-04-09/ #ai #artificialintelligence #agi #layoffs