Aging COBOL Engineers Threaten Legacy Financial Systems
The aging workforce of COBOL engineers is creating a critical shortage in maintaining legacy financial systems, including ATMs. Few young developers are learning COBOL, making it difficult to sustain these systems. Transitioning away from COBOL is complex and risky due to the size and architecture of existing systems. Some firms offer high salaries to retain COBOL experts, but the long-term outlook remains uncertain.
Times of India·



