‘It’s going to impact work’: Lloyds to cut £2bn in costs with AIThe 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 new strategic plan for the blue-chip lender. Across the industry, bank bosses have been blunt about the impact of AI on the jobs market. City AM understands Curve founder Shachar Bialick will be stepping down from his role as chief executive of the fintech. Last year, Lloyds put its chief executive and top bosses through an AI bootcamp at Cambridge University in a bid to ramp up its adoption across the company.