Tag: layoffs

The dark side of efficiency for employees is that it can drive workplace reductions: As digital transformation plans make progress, banks are making layoffs.  The progress of Citibank’s tech transformation projects is driving some of the thousands of layoffs it plans to make this year, chief financial officer Mark Mason said on stage during a […]

Recent personnel news and banks’ fourth quarter earnings contain hints on how much FinServs are spending on technology and how tech improvements are making a dent in their businesses.  Capital One is laying off 1,100 people from within the agile development group of its tech department – but counter-intuitively, the bank says it’s a sign […]