Workforce management

Banks added jobs in 2020. Are layoffs ahead?

03/29/21

The economy is poised to rebound, meaning loan demand and hiring will pick up, some observers say. Others argue that banks have plenty of reasons to cut jobs given industry consolidation, the growth of digital banking and expectations that low interest rates will persist.

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Citigroup CEO bans Friday Zoom calls, encourages vacations

03/23/21

Citigroup Chief Executive Jane Fraser has barred internal video calls on Fridays and encouraged vacations in an effort to combat workplace malaise brought on by the coronavirus pandemic.

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Goldman Sachs seeks volunteers for move to West Palm Beach digs

03/18/21

Goldman Sachs Group’s plan to move part of its asset management unit to Florida is gaining momentum, as the Wall Street bank discreetly seeks volunteers for the first wave and prepares office space.

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Credit unions expect hybrid work model after COVID ends

03/03/21

The industry quickly pivoted to remote work once the pandemic hit, but panelists who spoke during CUNA's online Governmental Affairs Conference predicted many institutions will utilize a mix of working from home and in the office once things return to normal.

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JPMorgan seeks to reduce office space in two Manhattan towers

03/02/21

JPMorgan Chase is marketing big blocks of office space in Manhattan as companies reevaluate their need for real estate amid the COVID-19 pandemic, according to people with knowledge of the matter.

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Dimon sees ‘carrots and sticks’ approach to COVID vaccines

03/01/21

While JPMorgan Chase’s chief executive would like the bank’s employees to get the COVID-19 vaccine, he said it’s unlikely to require the shots at least for now.

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Bank of America cuts staff in investment banking and trading

02/25/21

Bank of America cut some of its staff in the global banking and markets division this week. The latest cuts mark an end to BofA's pledge not to eliminate any jobs in 2020 as the global pandemic flared.

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Goldman CEO warns remote work is aberration, not the new normal

02/24/21

David Solomon has been one of the more vocal business leaders pushing government officials to move faster in making changes needed to bring employees back to work.

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