Automation will play a large part in the future of Frankfurt-based Deutsche Bank, as “a big number” of its staff will eventually be replaced with robots.

This according to the bank’s CEO John Cryan, who noted during a banking conference yesterday in Frankfurt that for some employees, particularly those that “spend a lot of time basically being an abacus,” automation is going to be a real threat to their jobs, once the technology reaches its expected level of intelligence.

That is not to say many of those “abacus” employees will lose their jobs. Instead, they may have their jobs “upskilled,” meaning a robot would help with the more basic aspects of their job functions, Cryan said.

Read more at Quartz and the Financial Times (Paywalled).