James Thomson

Yeah.

But

I reckon Bill Winters has done us a bit of a favour because this is what's coming.

Now, Winters says that the cuts are coming in areas like human resources, compliance, risk management.

If you think of a bank, we've said this before on the podcast, banks are ripe for AI because they are very process-driven, very rule-driven, very data-driven.

It's the perfect combination.

Winters is saying the quiet part out loud that there are jobs inside big organisations like banks that are at risk.

And that risk is not something that's a long way into the future.

It's something that is in the here and now.

I think we've sort of got to be ready for that.

You look inside our own big banks, they're moving from the experimentation with AI phase to the deployment at scale phase.

They're just getting themselves ready for that.

They have to cut costs because mortgage growth is drying up.

There's not much growth in the Australian economy.

Cost cutting is going to be where it's at.

I think Bill Winters has reminded us of that.

But, man, you'd think these guys do a bit of media training or, you know, someone might have said, oh, Bill, are you sure you want to describe it like that?

What a mistake.

Yeah, I think he just called it like it is, didn't he, James?

Lots of us out there will be seeing low-value human capital and they'll think, oh, well, that's not us.