Layoffs

Citigroup to resume job cuts after pausing for pandemic

09/15/20

The reductions will affect less than 1% of Citi's global workforce, and with recent hiring the overall headcount probably won’t decline, the company said.

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Wells Fargo resumes job cuts in break with rivals

08/21/20

Wells Fargo has started its long-awaited job cuts, breaking with some of its top U.S. competitors that have resisted workforce reductions amid the coronavirus pandemic.

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HarborOne job cuts reflect lower branch traffic, coronavirus fallout

08/13/20

The Massachusetts company is laying off more than 40 employees with a focus on people working in its retail banking operations.

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Five Star is latest bank to shutter branches amid decline in foot traffic

07/17/20

The Warsaw, N.Y., bank said it will close 10% of its branches and lay off 6% of its staff in response to customers’ growing preference for remote banking.

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HSBC resuscitates plan to cut 35,000 jobs to boost growth

06/17/20

The bank joins rivals such as Deutsche Bank AG and UniCredit SpA in forging ahead with job cuts that were put on hold at the outset of the pandemic.

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Virginia community bank cuts 12% of its staff

05/16/20

New Peoples Bankshares said the layoffs were necessary because of the coronavirus pandemic and "a changing financial services industry."

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Prepping for PPP 2.0, new bankers’ hours, rethinking branch design: Top stories of the week

04/24/20

Lenders are set to flood the SBA with new PPP applications; long nights and weekends the new normal; Fifth Third rethinks new-branch designs in light of coronavirus; and more from this week's most-read stories.

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Corbat urges caution; Goldman donates masks

03/27/20

Citigroup CEO says it’s a “fine line” between supporting customers and burdening them with debt; Goldman gives away 600,000 N95 masks it had from prior scares.

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Addressing the coronavirus; Wells workers to testify

02/27/20

Wall Street banks make plans to keep workers in Tokyo safe; the employees are bringing their grievances against the bank to Capitol Hill.

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HSBC plan sidesteps CEO question; Bloomberg would toughen bank regulations

02/19/20

The overhaul calls for massive job cuts but leaves interim CEO Noel Quinn’s permanent role in limbo; the program would throw out most of Trump’s Dodd-Frank rollbacks.

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