32% of entities expect AI to drive re-skilling over job cuts

A survey by the International Financial Services Centres Authority (IFSC) found that 32% of entities expect AI to drive significant re-skilling and job transformation rather than large net reductions, with 10% anticipating net new roles. Operational efficiency is the primary driver, rising from 64% in 2025 to 82% in 2026. 57% of entities report staff using AI tools.