About 100,000 positions could vanish over the next five years as large U.S. banks invest more in digital banking and other technologies, Wells Fargo analysts predicted in a research note this week.
https://www.cbsnews.com/news/banking-100000-jobs-wells-fargo-analysts-automation/?utm_source=facebook&utm_medium=news_tab&utm_content=algorithm
We’ve heard this since Y2K. Guess what? Very little is automated because conditions have to be perfect for it to work. Guess what? The real world is not perfect. Not even close.
That number seems low
Less than 10% of the amount of people employed in the industry.
This is fearmongering.
dead weight = mygroup
there are these people working here 10+, 15+ and they know how to skate by doing nothing and getting paid
the dead weight will love this! this way get rid of the people that work hard and make them look bad, and with automation they can get free money for doing nothing!
These banks are an old business model and have to start catching up with the new business models, or will be impossible for them to compete.
Great. Less whiners and dead weight on payroll