Prominent companies in the financial industry, such as JPMorgan, Nomura, and Goldman Sachs, are cutting jobs due to processes being automated. Many jobs are at risk as companies are identifying ways to lean out and become agile, one of the main outlets is through reducing headcount. JPMorgan Chase & Co. plans to dismiss hundreds of workers in the asset and wealth management line of business upon reviewing staffing levels; Nomura Holdings is planning to cut jobs on a global scale from its trading and investment banking businesses because it’s struggling to make a profit overseas. Goldman Sachs may also eliminate close to a hundred positions due to economic strains. A dozen other financial institutions plan on making similar reductions.
See "JPMorgan, Nomura Job Cuts Add to Wave of Finance Firms’ Chopping", Steve Dickson, Bloomberg Law, March 28, 2019