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Germany's largest bank to replace half of employees with robots

Researchers at Oxford University say that 47 percent of jobs in the US can be done by robots, artificial intelligence or mechanized technology in the next 20yrs

Germany's largest bank to replace half of employees with robots

Researchers at Oxford University say that 47 percent of jobs in the US can be done by robots, artificial intelligence or mechanized technology in the next 20yrs

09 November 2017 Thursday 18:24
Germany's largest bank to replace half of employees with robots

Germany's largest bank in terms of turnover and number of workers came to an interesting explanation about the employment of robots in place of people from Deutsche Bank.

The CEO of the bank said that half of the employees could be replaced by robots.

Commenting on the Financier Times, Deutsche Bank CEO John Cryan noted that the company had 97,000 employees and that half of that number could be replaced by robots.

Explaining that they did a lot of work with human power, Cryan was close because they were ineffective and frequently mistaken.

He stated that they will be hurt more in the future than the mechanics. The bank predicted to release 9,000 employees from its 5-year plan at the end of 2015, with 4,000 people on the first plan. It is expected that the bank will take out their work.

Researchers at Oxford University say that 47 percent of jobs in the US can be done by robots, artificial intelligence or mechanized technology in the next 20 years.

Updated: 09.11.2017 19:03
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