Mike Mayo: 'Bots for Bankers' Takes 200,000 Wall Street Jobs in 10 Years

The video discusses the impact of technology on the banking sector, highlighting the need for banks like HSBC to rethink their strategies due to slow revenue growth. It predicts significant job reductions in the banking industry, particularly in the US, as technology replaces traditional roles. The discussion emphasizes the importance of adopting technology to remain competitive, with a focus on artificial intelligence, big data, and digital banking solutions.

What major shift in employment is discussed in relation to technology?

What does the phrase 'necessity is the mother of invention' imply in the context of the text?