News 24 recently reported about Standard Bank’s intention to lay off 528 employees. This huge lay off is the result of increased digitization and the use of artificial intelligence in the banking industry.
The trade unions are understandably highly upset, yet their spokesperson said that they realise that some jobs over time will disappear whilst new ones will be created. Unfortunately fewer jobs will be created than the ones being made redundant.Fewer jobs
According to Standard Bank the 528 employees are welcome to apply for 349 existing and new ... continue reading