European banks stand at a sharp inflection. Morgan Stanley now forecasts they could shed as much as 20 percent of their workforce in the shorter term. The projection, updated from an earlier 10 percent estimate, points to roughly 400,000 positions at risk across the continent by 2030. That revision arrived this week. It reflects faster than anticipated progress in deploying generative AI tools that handle repeatable tasks once performed by teams of analysts and clerks. Back office operations. Middle office risk monitoring. Compliance checks. Know your customer reviews. Anti money laundering screening. These areas face the heaviest pressure. The Next Web laid out the details. Banks have moved beyond pilot projects. They now embed AI into restructuring plans. Projected efficiency gains reach 30 percent in some central services divisions. Such numbers make the math compelling for executives chasing higher returns and narrower gaps with American rivals. But the human side looks different.…