Barclays: “Robots” can automate 30% of our workforce

Business Standard is reporting Barclays’ CEO, Antony Jenkins, telling investors that robotic automation, inspired by Japanese car manufacturing, could eliminate 30% of their workforce (40,000 employees) over the next ten years.

Controversial in many ways, but my personal opinion, as a bank customer (both personal and business), is that banks should be much more efficient and charge me less, whilst freeing up capital for investment in economic growth.

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