Deutsche Bank CEO John Cryan said a “big number” of employees will eventually lose their jobs as technology makes their roles obsolete, according to the Financial Times (paywall). The German bank employs about 100,000 people and is in the middle of a five-year restructuring plan.
At a “ Banking in Transition ” conference in Frankfurt today, Cryan noted that some employees—like accountants who “spend a lot of the time basically being an abacus”—will have to find new things to do, according to the FT. “In our banks we have people behaving like robots doing mechanical things, tomorrow we’re going to […]
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