European banks plan to cut 200,000 jobs as AI takes hold

200k is a scary headline but it's also cover. Banks have been looking for an excuse to offshore and cut back-office for years — AI's just the narrative now.

That said, compliance automation and risk modeling are absolutely getting gutted. The bloodbath is real, just slower than the headlines suggest. It'll happen over 3-4 years, not overnight.

If you're in fintech, the moves are already happening in the shadows.