Ok all of my other theories have been wrong but hear me out. The March C14 -C16 cuts didn't really happen in risk/analytics/strategy/mis. It's beginning to look like AI is not going to replace 60 - 70% of analytic functions, its going to be closer to 90%+. I think these 2 things are related. The C14+ were retained to facilitate major C12 & C13 reductions.
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It's plausible & will be floated by Mary Poppins. But if we look on mobility the hiring in India is going through the roof -> "Remember Single Center of Excellence" being spoke of in 2025. Give it 5 - 10 years and those heads will role for AI & you'll be right, but not today.
As of today AI is the useful tool to excuse offshoring.