'Goliath Is Winning': The Biggest U.S. Banks Are Set to Automate Away 200,000 Jobs
Over the next decade, U.S. banks, which are investing $150 billion in technology annually, will use automation to eliminate 200,000 jobs, thus facilitating "the greatest transfer from labor to capital" in the industry's history. The call is coming from inside the house this time, too-both the projection and the quote"