News Topic: Employee terminations

There are concerns that artificial intelligence could erase jobs across financial firms, but it will actually benefit employees by cutting rote tasks, giving them time to focus on more fulfilling work. ... Read full article

Wells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years. ... Read full article

The cuts are part of a broader effort to trim expenses by roughly $3 billion a year by 2020. ... Read full article

Codorus Valley Bancorp fired Dwight Utz, the head of its bank unit, "without cause" just a few weeks after reporting earnings of $12 million for 2017. ... Read full article

The New York firm, which offers high-cost credit to small businesses, has attributed its recent struggles to certain loans performing worse than had been expected. ... Read full article

The San Francisco company is combining its regional and area president positions into a single role called region bank president. ... Read full article