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flag Mizuho to replace 5,000 admin jobs with AI, reassigning staff, not laying off, by 2036.

flag Mizuho Financial Group plans to replace 5,000 administrative roles in Japan with AI over the next decade, not through layoffs but by reassigning staff to client-facing and strategic roles. flag The move, part of a broader push to boost efficiency and profitability, includes a 100 billion yen investment in AI by 2028 and renaming its administrative unit to reflect the shift. flag The bank emphasizes that human workers will remain essential, with training support provided. flag The initiative aligns with Japan’s national AI strategy and reflects a growing trend among global banks to adopt automation while minimizing job losses amid labor shortages.

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