AI Blows Chill Wind of Job Losses Through Paris
A closer look at automation and artificial intelligence-driven efficiencies is needed
A customer uses touch screen panels to select products at the 'Picking Wall' inside a supermarket, operated by Casino Guichard Perrachon SA, in Paris, France,
Photographer: Marlene Awaad/BloombergBonjour et bienvenue to the Paris Edition. I’m Bloomberg Opinion columnist Lionel Laurent. If you haven’t yet, subscribe now to the Paris Edition newsletter.
The chill wind of layoffs in technology and finance is blowing through Paris this week, as the combination of higher interest rates and meager economic growth spur the search for cost savings. Payment processing firm Worldline is looking to cut about 1,400 jobs, while banking group Societe Generale SA is planning about 900 cuts at its head office.