By: LinkedIn
October 6, 2020
Banking jobs may soon experience their biggest reduction in history as automation and other technological improvements take hold, according to a new analysis by Wells Fargo. Technology experts “play an increasingly important role inside the world’s largest financial institutions,” writes Bloomberg, and their products could replace workers from branch employees to back-office corporate staff to call-center teams, according to the analysts’ 110-page report. The trend is global and, in the U.S., may impact 100,000 jobs over the next five years. Software developers “are the new bankers,” the analysts wrote.