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TD Bank lays off approx 2000 employees, replaced by AI

Not seeing this discussed much.

TLDR; TD Bank discloses laying off about 2000 employees, citing AI to replace these jobs. Estimated savings of around $650 million (CAD) a year.

Stock climbs 3.7% on the TSX

Feeling like this is the tip of the iceberg, for a trend that will only accelerate.

submitted by /u/Caffeine-n-Chill
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