Banks Lay Groundwork for Mass Workforce Cuts as AI Takes Hold

In the hope he’ll land a job in finance, Andre Bonnick spends hours rehearsing what he’s going to say. He’s using key words from job listings, making eye contact — following advice he’s gotten from recruiters.

But Bonnick, a student at Warwick University, isn’t preparing to talk to a human hiring manager. He’s tackling initial screening rounds done by artificial intelligence-powered software.

With more firms adopting AI, students gunning for a career in banking and finance are preparing to be up against such technology at first interaction. If they get in the door, they’re then faced with the question of ...