The Spanish big banks maintain their workforces despite the bet on AI

Source Summary

The implementation of new artificial intelligence tools in the Spanish banking sector is not impacting the staff of the large state entities, for now. With the exception of Banco Santander —which has cut almost 8,400 jobs globally over the last twelve months— the other five Ibex entities have added, over the last year, up to one hundred employees. According to the semi-annual income statements presented in recent weeks to the National Securities Market Commission (CNMV), the group formed by CaixaBank, Banc Sabadell, BBVA, Bankinter, and Unicaja had 99,539 employees at the end of June, slightly above the 99,439 registered at the same time last year.