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Massive Job Loss Looms In The Banking Sector - Career (2) - Nairaland

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Re: Massive Job Loss Looms In The Banking Sector by don4real18(m): 6:26pm On Aug 28, 2019
abrojunior94:
Buhari is Nigerian worst President.

Hit like If you think so
Does your comment make sense to you?
Re: Massive Job Loss Looms In The Banking Sector by vicsongreat(m): 6:28pm On Aug 28, 2019
[quote author=vicsongreat post=81700320]bro, u be banker? This one u shouted say God no go gree
Re: Massive Job Loss Looms In The Banking Sector by benitdavid: 6:30pm On Aug 28, 2019
Chidexter:
Gone are the days when banking was d DIAMOND of professions, besides this is not d FIRST time, that this economy would give ACCESS for unemployment to reach its ZENITH

this isn't Twitter bro
Re: Massive Job Loss Looms In The Banking Sector by Mitchsin(f): 6:33pm On Aug 28, 2019
sassysure:
Gone are the days when working in a bank is a thing of pride.
Most bankers will develop hbp before age 40.
Such an unstable institution.
Honestly o
Re: Massive Job Loss Looms In The Banking Sector by kingviny: 6:35pm On Aug 28, 2019
Re: Massive Job Loss Looms In The Banking Sector by judedwriter(m): 6:38pm On Aug 28, 2019
Bank job is synonymous with slavery.
Re: Massive Job Loss Looms In The Banking Sector by drlateef: 6:39pm On Aug 28, 2019
DevilhimseIf:
normal thing in the terrorist bastard burukutu sipping monkey called presidiot mumuhamado mumuharii regime



This painment is too much grin grin grin
Re: Massive Job Loss Looms In The Banking Sector by mmadu4: 6:43pm On Aug 28, 2019
all of you idiots that voted buhari i hope your seeing what is happening in your country , instead of going forward we are going backwards ,,, hope yall are reading the news everyday and happy for the decision you made .
Re: Massive Job Loss Looms In The Banking Sector by Isnow: 6:46pm On Aug 28, 2019
banking job is not a job. is more like interim not guaranteed...I personally hate banking job..

1 Like

Re: Massive Job Loss Looms In The Banking Sector by tunjilee003: 6:47pm On Aug 28, 2019
never rely on a banking job.my uncle who is the breadwinner of his family was sacked on Monday and unemployment is on the rise.. God knows best

2 Likes

Re: Massive Job Loss Looms In The Banking Sector by owenwin: 6:50pm On Aug 28, 2019
....
Re: Massive Job Loss Looms In The Banking Sector by ppogba: 6:56pm On Aug 28, 2019
Cocao:
Technology can only thrive where there is an enabling environment for it to grow.

Take for example, the introduction of the deposit ATM, it was supposed to take the burden off the banking halls and reduce crowds. But there are a lot of challenges with this, from machine design to the fact that a lot of Nigerians don't even trust the machines. Worse sef, majority of Nigerians can't read and have zero patience to use it. So those machines just lie there not even fulfilling up to a quarter of their projections.

This applies to everywhere. Nobody is loosing any jobs anytime soon because of reasons mentioned in the post. A little bit of downsizing, probably but until we get the environment right, not much will change




Good Thinking.
I would have expected people to read the write-up and think reasonably but na lie, a sizeable number are blaming Buhari.
The truth, as long as the Nigerian economy remains cash based, the job of front tellers and bulk tellers will not disapear soonest,
Beside, we have been hearing this since the advent of technology itself.
Before you quote me wrongly, I am not saying jobs will not be treathened but not in the immediate as be sounded here alarmingly.
Re: Massive Job Loss Looms In The Banking Sector by notoriousbabe: 7:03pm On Aug 28, 2019
Useless country
Re: Massive Job Loss Looms In The Banking Sector by dingbang(m): 7:11pm On Aug 28, 2019
Cocao:
Technology can only thrive where there is an enabling environment for it to grow.

Take for example, the introduction of the deposit ATM, it was supposed to take the burden off the banking halls and reduce crowds. But there are a lot of challenges with this, from machine design to the fact that a lot of Nigerians don't even trust the machines. Worse sef, majority of Nigerians can't read and have zero patience to use it. So those machines just lie there not even fulfilling up to a quarter of their projections.

This applies to everywhere. Nobody is loosing any jobs anytime soon because of reasons mentioned in the post. A little bit of downsizing, probably but until we get the environment right, not much will change


you made sense

1 Like

Re: Massive Job Loss Looms In The Banking Sector by katlord(m): 7:16pm On Aug 28, 2019
sassysure:
Gone are the days when working in a bank is a thing of pride.
Most bankers will develop hbp before age 40.
Such an unstable institution.



Lolz
Re: Massive Job Loss Looms In The Banking Sector by chozzy: 7:28pm On Aug 28, 2019
Sad
Re: Massive Job Loss Looms In The Banking Sector by rhymesnoni(m): 7:41pm On Aug 28, 2019
Richdad50:
shocked

It is not my wish that a layoff happens but if it does happens, let it affect only does who support this government starting with Nairalanders. Amen!

A man will not suffer for someone else thumbprint.

Richdad

And wat has this got to do with this Government u idiot??

May be I'd have to Educate u, it's an Improvement in technology and not Political, u fool
Re: Massive Job Loss Looms In The Banking Sector by SIRTee15: 7:49pm On Aug 28, 2019
Mrshape:
all thanks to AI and machine learning.
It is just hiting the banking sector now in Nigeria.
If you don't know
AI
Will
(1) make doctors to be very cheap, soon a clinic that requires 200 doctors will be run by just 2 doctors,
(2) engineering it has already started affecting them, only few engineers will be need.
(3) it is interesting to know that in legal profession the juge now is an AI in some countries they determine who will go to jail and who won't,
Soon will need just few judges.

If AI is taking all our jobs which jobs will be left.

answer
Jobs that requires innovation and tender affection.
Like
(1) nurses
(2) early childhood educators.
(3) sociologist.
(4) innovators and researchers in all fields
(5) programmer
The future is AI,
learn programing everyone whether u are a programmer or not.

I laugh because soon alot of Nigeria doctors will become useless,
It is interesting to know that doctors know do diagnosis with the aid of AI.
soon their will be algorithm that will be more effective than a doc.

Don't say this is Nigeria it can't work or it will take long time before it get here.
Not as far your smart phones and computers is here with us 90% of AI algorithms can be easily implemented here.

Ordinary driverless car, dem dey sweat...
Let them first build algorithm that will ensure safe take-off and landing of plane....
Then we can talk....
Even smart phone has lacked any new innovation in the last 5 years ....
Where's the wireless charging, foldable devices, 3d virtual images or holographic images they talk about....
Even the so called voice recognition is so annoying, u still have to edit after any dictation....

As per healthcare, it's obvious u have no clue about the field...
So let's just leave it at that....

4 Likes 1 Share

Re: Massive Job Loss Looms In The Banking Sector by froxydydx: 7:56pm On Aug 28, 2019
Our trust is upon the Lord.
Re: Massive Job Loss Looms In The Banking Sector by Nobody: 8:01pm On Aug 28, 2019
sassysure:
Gone are the days when working in a bank is a thing of pride.
Most bankers will develop hbp before age 40.
Such an unstable institution.

quite right, they also tend to live false lives.
Re: Massive Job Loss Looms In The Banking Sector by Nobody: 8:04pm On Aug 28, 2019
Mrshape:
all thanks to AI and machine learning.
It is just hiting the banking sector now in Nigeria.
If you don't know
AI
Will
(1) make doctors to be very cheap, soon a clinic that requires 200 doctors will be run by just 2 doctors,
(2) engineering it has already started affecting them, only few engineers will be need.
(3) it is interesting to know that in legal profession the juge now is an AI in some countries they determine who will go to jail and who won't,
Soon will need just few judges.

If AI is taking all our jobs which jobs will be left.

answer
Jobs that requires innovation and tender affection.
Like
(1) nurses
(2) early childhood educators.
(3) sociologist.
(4) innovators and researchers in all fields
(5) programmer
The future is AI,
learn programing everyone whether u are a programmer or not.

I laugh because soon alot of Nigeria doctors will become useless,
It is interesting to know that doctors know do diagnosis with the aid of AI.
soon their will be algorithm that will be more effective than a doc.

Don't say this is Nigeria it can't work or it will take long time before it get here.
Not as far your smart phones and computers is here with us 90% of AI algorithms can be easily implemented here.

even the programs ur inviting people to learn will be obsolete, we now have machines writing programs for machines in a non human code.

3 Likes

Re: Massive Job Loss Looms In The Banking Sector by KlausMike(m): 8:10pm On Aug 28, 2019
asatemple:
They should better come up with other jobs that will serve as an alternative else, what happened in 1975 will repeat itself

and if I may ask, what happened in 1975? sad

3 Likes

Re: Massive Job Loss Looms In The Banking Sector by Nobody: 8:31pm On Aug 28, 2019
Cocao:
Technology can only thrive where there is an enabling environment for it to grow.

Take for example, the introduction of the deposit ATM, it was supposed to take the burden off the banking halls and reduce crowds. But there are a lot of challenges with this, from machine design to the fact that a lot of Nigerians don't even trust the machines. Worse sef, majority of Nigerians can't read and have zero patience to use it. So those machines just lie there not even fulfilling up to a quarter of their projections.

This applies to everywhere. Nobody is loosing any jobs anytime soon because of reasons mentioned in the post. A little bit of downsizing, probably but until we get the environment right, not much will change



Your analysis is a little off. People visit the banking halls when they intend to make transactions in excess of what the ATM can handle. At least personally, I haven't been to the bank in months, because I have no reason to.

1 Like

Re: Massive Job Loss Looms In The Banking Sector by Nobody: 8:32pm On Aug 28, 2019
quentin06:


even the programs ur inviting people to learn will be obsolete, we now have machines writing programs for machines in a non human code.

People wrote the program for the machine writing the program grin

2 Likes

Re: Massive Job Loss Looms In The Banking Sector by Hungrychicken(m): 8:33pm On Aug 28, 2019
quentin06:


even the programs ur inviting people to learn will be obsolete, we now have machines writing programs for machines in a non human code.
true talk bro

1 Like

Re: Massive Job Loss Looms In The Banking Sector by Nobody: 8:50pm On Aug 28, 2019
quentin06:


quite right, they also tend to live false lives.
Because that is what banking managements told them to do.
Always present a fulfilled and happy exterior to the public. Who will want to bank with a grumpy and grouchy person?

1 Like

Re: Massive Job Loss Looms In The Banking Sector by Nobody: 8:53pm On Aug 28, 2019
I am still skeptical about how banks make the huge monies they pay as salaries.

Though it's income on deposits mainly as loans are virtually non existent in Nigeria today. Lack of credit in the economy is a big hit on income for banks..

The few working there are even overwhelmed and over worked.
Re: Massive Job Loss Looms In The Banking Sector by ppogba: 8:59pm On Aug 28, 2019
sassysure:

Because that is what banking managements told them to do.
Always present a fulfilled and happy exterior to the public. Who will want to bank with a grumpy and grouchy person?


Living a false life means living above your income.

When banking was banking, you have no option but to live an austere life. Living even parallel to your income sef brings suspicion.

No bank management will tell you or imply that you live a fake life.

1 Like

Re: Massive Job Loss Looms In The Banking Sector by Nobody: 9:02pm On Aug 28, 2019
kolakolex:


This has nothing to do with the president bro

It does.

He promised to create 3 million jobs annually.

It's obvious he is is creating 3 million Sack letters annually.

Or don't you want N1 to equal $1 again ?
Re: Massive Job Loss Looms In The Banking Sector by Bimpe29: 9:25pm On Aug 28, 2019
Science, Technology & Innovation are taking over the labour market faster than the blink of an eye.
Re: Massive Job Loss Looms In The Banking Sector by gabbasin: 9:32pm On Aug 28, 2019
Better job dey banks again, no be 30k dem dey pay

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