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alstry (< 20)

Banks Will Fire 90% of Global Workforce



August 29, 2011 – Comments (4)

Based on current technology and new business models, as more and more banks become Digitally Based, the need for people will evaporate.

Swedish bank Nordea to lay off 2,000 staff - Yahoo! Finance

and pretty soon, you will be able to be replaced too in your current you stare at the ticker being run by technology.

What will people hunt for when there are no jobs to hunt for?

4 Comments – Post Your Own

#1) On August 29, 2011 at 9:41 AM, Teacherman1 (< 20) wrote:

I guess my Hologram will have to "stare" at the ticker, while my computer makes trades, and I either take a nap or read a good book.

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#2) On August 29, 2011 at 9:51 AM, imobillc (< 20) wrote:

How did you get to the figure 90%?



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#3) On August 29, 2011 at 9:53 AM, imobillc (< 20) wrote:

Did you use a Alstry-Guess-timatron?

Or Mathemetics 

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#4) On August 29, 2011 at 10:26 AM, alstry (< 20) wrote:

My friend is investing in a digital bank start up in Europe....they are building a global platform with only a relative few employees.

My 90% number is actually conservative based on the platform of this bank and where I know the technology is already at...

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