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‘It’s going to impact work’: Lloyds to cut £2bn in costs with AI
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Guardian Business
Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
Chief executive says the four-year plan will lead to greater efficiency but gives no details of potential job losses
Business live – latest updates
Lloyds Banking Group will cut another £2bn of costs as part of a four-year plan under which its chief executive will use new tech and AI to drive growth.
Charlie Nunn said the strategy, which the UK’s largest high street lender will launch in January, would involve in…
30 Jul, 10:22
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City AM
‘It’s going to impact work’: Lloyds to cut £2bn in costs with AI
The boss of Lloyds Banking Group is preparing to wield the axe on its cost base as the bank doubles down on AI ambitions. Charlie Nunn, the chief executive of the financial services giant, said AI is “going to impact work” and “require us to reskill people and hire new people” as he revealed a [...]
30 Jul, 13:28
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