Software Is Replacing Financial Workers in Large Corporations

This website has examined the expanded use of technology to deprive Americans of their jobs, and physical robots illustrate that workplace revolution very clearly.

However, clever software also eliminates many workers, though not as visually. For example, tax software now performs the calculations that were earlier done by human tax preparation experts.

That transformation is occurring at the financial departments of large corporations as well, where offices full of human number crunchers have been pruned back considerably…


  • The Goat

    The goat hasn’t become obsolete yet, has it?

    • El Martyachi

      As long as you provide real value you’ll never be obsolete. Keep an eye on the Japs though…

    • Dana Garcia

      Not as long as there are romantic sons of allah.

  • El Martyachi

    It’s interesting how this doesn’t seem to affect government workers.

    • Frau Katze

      It does. I used to work for the govt. Some jobs, like secretaries, are almost gone.

      I’ve personally written software that put people out of work, too.

  • Frances

    Just remember: to err is human, but to really screw up requires a computer.

  • David Murrell

    I have noticed that software is replacing low-level analytical work in finance. Examples would by analytical summaries of economic and financial analysis, on a day-to-day basis. This was stuff done by MBA , entry level staffers fresh out of university. It is difficult to see how young graduates can get a start these days.