Deutsche Bank boss says 'big number' of staff will lose jobs to automation

Deutsche Bank boss says 'big number' of staff will lose jobs to automation


Published on September 12, 2017

Last update on September 12, 2017


The chief executive of Deutsche Bank has issued a stark warning about the impact of technology, saying a “big number” of his staff will lose their jobs as robots take over.

John Cryan told an audience in Frankfurt: “In our bank we have people doing work like robots. Tomorrow we will have robots behaving like people. It doesn’t matter if we as a bank will participate in these changes or not, it is going to happen.”

He also referred to accountants inside the bank who “spend a lot of time basically being an abacus”, who would also be replaced by machines.

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