Monday, 6 July, 2026
"From Microfiche to Machines": Citi CEO Defends AI Job Cuts and Evolution
By TechShots Studio
Citi CEO Jane Fraser acknowledged unavoidable "job dislocations" after the bank slashed thousands of technology roles, including 3,500 in China. However, she emphasized that AI will ultimately augment human capability and evolve roles. Drawing a parallel to her own past as an analyst photocopying microfiche, Fraser urged employees to adapt to the changing landscape, stating that new, more sophisticated jobs will replace manual tasks.
Read full story at TIMES OF INDIA