Deutsche Bank CEO suggests robots may substitute half its workers

John Cryan, CEO of Deutsche Bank

Thomas Lohnes | Getty Images

John Cryan, CEO of Deutsche Bank

“We employ 97,000 people,” Cryan informed the Financial Times. “Most big peers have more like half that number.”

“We’re too manual, which can make you error-prone and it makes you inefficient,” he stated. “There’s a lot of machine learning and mechanization that we can do.”

He is not simply speculating. In late 2015, Deutsche Bank introduced that it deliberate to get rid of 9,000 workers as part of a five-year restructuring plan. So far, four,000 jobs have been minimize. Technology, says Cryan, will enable for Deutsche to finish these cuts and extra.

When requested concerning the particular quantity workers prone to being changed, he informed Laura Noonan on the Financial Times it could be a “big number.”


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