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Women working in finance and tech could be at greater risk of artificial intelligence-driven job losses than their male counterparts, according to a new report by the City of London Corporation.
Meanwhile, in Europe, between 42 percent to 66 percent of workers are worried about AI potentially negatively affecting their jobs, according to research agency Verian.
The City of London Corporation report estimates that in the United Kingdom, around 119,000 administrative roles in financial and professional services, as well as tech, mainly carried out by women currently, could be slashed due to automation in the next decade.
However, women in high-income countries may be disproportionately impacted by this trend.
A May 2025 report by the United Nations’ International Labour Organisation (ILO) and Poland’s National Research Institute of the Ministry of Digital Affairs (NASK) highlighted that almost 10 percent of female-dominated positions in high-income countries could be replaced by automation. In contrast, this figure is only 3.5 percent for male-dominated positions in these countries.
Women often overlooked by rigid hiring processes
The City of London Corporation report also highlighted that mid-career women- defined as women with at least five years’ experience- were increasingly being overlooked for digital roles in the financial and professional services sectors, along with the tech sector.
This was mainly due to rigid and often automated and biased screening software, which did not consider career gaps due to childcare and other caring responsibilities.
The report also estimated that up to 60,000 women in tech in the UK quit their jobs annually due to a lack of career advancement, recognition and fair pay.
This is despite Europe currently seeing a severe tech talent shortage, with 500,000 to 800,000 tech jobs staying unfilled per year, according to salary benchmarking website TalentUp.io. This tech gap is expected to last until at least 2035.
The rising need for reskilling
To combat this shift, the City of London Corporation urged employers to prioritise reskilling female employees, especially in clerical positions most at risk from automation-driven redundancies.
In the UK, reskilling these employees could save employers as much as £757 million (€876.9m) in the form of redundancy payments, the report said.