Tag: job cuts
UK’s Co-operative Bank to cut 400 jobs as part of cost reduction programme
The Co-operative Bank in the UK is planning to cut around 400 jobs across its business.
This move...
Banking Technology Magazine March 2024 issue out now
The March edition of Banking Technology Magazine highlights various developments in the fintech industry:Avenue Bank's Unrestricted Banking License:...
Worldline to cut workforce by 8% with €200m cost-saving initiative Power24
Paris-listed payments firm Worldline plans to cut its global workforce by approximately 8%, resulting in the termination of...
Banking Technology Magazine February 2024 issue out now
The February edition of Banking Technology Magazine discusses challenges in the banking and fintech industry in 2024.
Mass...
Jack Dorsey’s Block lays off staff across Cash App, Square and foundational teams
Block, a San Francisco-based payment solutions specialist, is implementing job cuts across its Cash App, Square, and foundational...
PayPal to trim workforce by 9% over 2024 in bid to streamline business
PayPal Job Cuts:PayPal to cut approximately 9% of its workforce throughout 2024.
Expected impact on around 2,500...
Abrdn announces £150m cost-cutting drive with 500 jobs on the chopping block
Job Cuts: Abrdn, a UK asset management firm, is implementing a "transformation programme" involving the cut of 500 jobs.
...
US fintech Brex to axe 20% of workforce
Brex, a US-based expense management platform, is cutting 282 jobs, approximately 20% of its total workforce, in a...
Citigroup to cut 20,000 jobs over two years after Q4 downturn
Citigroup Job Cuts: Citigroup plans to cut around 20,000 jobs by 2026.
Q4 2023 Performance: In the fourth...
ABN Amro to acquire Dutch neobroker Bux for undisclosed sum
ABN Amro Acquisition of BuxABN Amro, a major Dutch bank, is acquiring the Dutch neobroker Bux for...
Metro Bank to axe 20% of jobs and review branch opening hours in push to cut costs
Metro Bank plans to cut 20% of its workforce as part of a cost-cutting initiative following shareholder approval...
Barclays could reportedly cut around 2,000 jobs in push to reduce costs by £1bn
Barclays may cut around 2,000 jobs as part of a £1 billion cost-cutting plan.
Bank managers seek to...