Italian bank cuts 9,000 jobs in AI-driven restructuring

Italy’s leading bank, Intesa Sanpaolo, has reached a deal with trade unions for 9,000 voluntary job cuts — around 10 per cent of its workforce — due to the expansion of artificial intelligence (AI) and digitalisation. At the same time, the bank plans to hire by mid-2028 some 3,500 young new employees to work in

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