Deutsche Bank CEO suggests robots could replace half the company's 97,000 employees

In September, Cryan told the Financial Times that many Deutsche accountants, for instance, could be replaced by simple technology. They "spend a lot of the time basically being an abacus," he said. Bill Gates and Mark Zuckerberg have urged people not to panic over increased reliance on AI technology, saying that fears about robots putting people out of work are overstated. But Cryan believes entire industries will be able to replace workers with robots, not just Deutsche Bank. "We have to find new ways of employing people and maybe people need to find new ways of spending their time," he said.