Commonwealth Bank CEO says AI will reduce workforce size, urges firms to prepare employees
A second-rack bagel that's nearly first-rack. Tasty stuff.
Summary
Commonwealth Bank of Australia CEO Matt Comyn states that AI will lead to job displacement and smaller teams across the economy. He argues that companies have a responsibility to help employees prepare for this changing future rather than offering false reassurance. Comyn emphasizes that pretending AI won't impact jobs only leaves workers unprepared for the inevitable changes ahead.
Key quotes
· 3 pulledAt CBA, as in many large organisations, some work will be done by smaller teams.
Pretending otherwise does not protect workers. It only ensures they are surprised later.
An employer of our scale has a responsibility to avoid false reassurance and give people the best possible chance to adapt.
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