The increasing age of COBOL engineers poses significant risks for the maintenance of legacy financial systems. Fewer young developers are learning COBOL, creating a shortage of skilled professionals. Transitioning away from COBOL is complex and carries substantial risks due to the systems’ size and architecture. Some organizations are compensating COBOL expertise with high salaries, yet the long-term outlook remains concerning. The increasing age of COBOL engineers poses significant risks for the maintenance of legacy financial systems. Fewer young developers are learning COBOL, creating a shortage of skilled professionals. Transitioning away from COBOL is complex and carries substantial risks due to the systems’ size and architecture. Some organizations are compensating COBOL expertise with high salaries, yet the long-term outlook remains concerning.
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