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3232Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs
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Tue, 18 May 2021 01:30:23 +0000https://www.digit.info/2021/05/18/biggest-layoffs-in-us-banking-history-analyst-predicts-banks-to-cut-200000-jobs/Read more]]>A Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. US Banking Sector to Experience Biggest Headcount Reduction An analyst with Wells Fargo, Mike Mayo, has […]
A Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. US Banking Sector to Experience Biggest Headcount Reduction An analyst with Wells Fargo, Mike Mayo, has […]