According to a new report from Citi Research, the global financial services industry could see a 30% reduction in jobs by 2025.

For context, peak employment levels for this industry were reached just before the 2008 financial crisis with 2.9 million and 3.3 million employees in the U.S. and Europe respectively. These employment figures are estimated to fall to 1.8 million employees for both continents. Massive!

 

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