Deutsche Bank to lose 35 percent of staff
Deutsche Bank expects to lose about 35 percent of its German workforce to retirement over the next decade. Chief Executive Christian Sewing said artificial intelligence will be deployed across nearly all operations to help manage the transition.
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Deutsche Bank will lose 35% of its workforce in Germany to retirement over the next eight to nine years, Chief Executive Christian Sewing said. The demographic shift puts pressure on the lender to automate operations. Artificial intelligence will become essential across nearly all banking functions, including customer service.
