Bank Layoffs
- All
- News
- Videos
-
Oracle Reportedly Considering 30,000 Job Cuts to Fund AI Data Centre Expansion
Oracle is reportedly considering cutting between 20,000 and 30,000 jobs to fund its artificial intelligence (AI) data centre buildout. As per the report, several US banks have backed out of funding the company’s ambitious plans to build AI data centres after raising questions about the company’s ability to handle such a large-scale project.
-
AI Can Reportedly Take Away More Than 2 Lakh Banking Jobs by 2030
Europe’s banking sector may reduce more than 200,000 jobs by 2030 as lenders adopt AI technologies and move services online, analysts say. The Morgan Stanley analysis reported by the Financial Times projects that roughly 10 per cent of roles at major banks could be lost, particularly in internal operations, with some institutions already announci...
-
JPMorgan Chase Announces Layoffs In Feb, More Cuts Expected: Report
American multinational bank, JPMorgan Chase, has started notifying employees of job cuts as part of a series of downsizing efforts throughout 2025, reports said.
-
Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.
-
Paytm Payments Bank Said to Cut About 20 Percent of Staff as Business Halt Looms
Indian digital payments firm Paytm plans to cut close to 20 percent of staff at its banking unit amid uncertainty over the unit's future due to a looming central bank deadline for it to halt most operations, two sources said.
-
Deutsche Bank To Lay Off 3,500 People After Drop In 2023 Profit
Germany's biggest lender Deutsche Bank on Thursday announced plans to slash 3,500 jobs as part of a major cost-cutting drive after its net profit fell in 2023.
-
Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
-
Credit Suisse and UBS Merger Could Cost 36,000 Jobs: Report
Before the merger, UBS and Credit Suisse had employed slightly more than 72,000 and 50,000 people, respectively.
-
Swedish Bank's CEO Shares Contact Of 600 Cut Staff On LinkedIn, Sparks Debate
Klarna Bank AB's chief executive officer, Sebastian Siemiatkowski, has drawn mixed reactions for publishing a contact list of former employees that the company recently terminated as a part of a cost-cutting campaign.
-
GM CEO Call Self-Driving Unit Layoffs 'Prudent', Still Sees Huge Opportunity
General Motors Co's top executive on Friday said layoffs announced a day earlier at the company's self-driving Cruise unit were "prudent" but insisted that she sees a "huge opportunity" for its vehicles to move both people and packages."We see a huge opportunity to move people and that same vehicle is very applicable to package delivery," Chief Exe...
-
Oracle Reportedly Considering 30,000 Job Cuts to Fund AI Data Centre Expansion
Oracle is reportedly considering cutting between 20,000 and 30,000 jobs to fund its artificial intelligence (AI) data centre buildout. As per the report, several US banks have backed out of funding the company’s ambitious plans to build AI data centres after raising questions about the company’s ability to handle such a large-scale project.
-
AI Can Reportedly Take Away More Than 2 Lakh Banking Jobs by 2030
Europe’s banking sector may reduce more than 200,000 jobs by 2030 as lenders adopt AI technologies and move services online, analysts say. The Morgan Stanley analysis reported by the Financial Times projects that roughly 10 per cent of roles at major banks could be lost, particularly in internal operations, with some institutions already announci...
-
JPMorgan Chase Announces Layoffs In Feb, More Cuts Expected: Report
American multinational bank, JPMorgan Chase, has started notifying employees of job cuts as part of a series of downsizing efforts throughout 2025, reports said.
-
Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.
-
Paytm Payments Bank Said to Cut About 20 Percent of Staff as Business Halt Looms
Indian digital payments firm Paytm plans to cut close to 20 percent of staff at its banking unit amid uncertainty over the unit's future due to a looming central bank deadline for it to halt most operations, two sources said.
-
Deutsche Bank To Lay Off 3,500 People After Drop In 2023 Profit
Germany's biggest lender Deutsche Bank on Thursday announced plans to slash 3,500 jobs as part of a major cost-cutting drive after its net profit fell in 2023.
-
Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
-
Credit Suisse and UBS Merger Could Cost 36,000 Jobs: Report
Before the merger, UBS and Credit Suisse had employed slightly more than 72,000 and 50,000 people, respectively.
-
Swedish Bank's CEO Shares Contact Of 600 Cut Staff On LinkedIn, Sparks Debate
Klarna Bank AB's chief executive officer, Sebastian Siemiatkowski, has drawn mixed reactions for publishing a contact list of former employees that the company recently terminated as a part of a cost-cutting campaign.
-
GM CEO Call Self-Driving Unit Layoffs 'Prudent', Still Sees Huge Opportunity
General Motors Co's top executive on Friday said layoffs announced a day earlier at the company's self-driving Cruise unit were "prudent" but insisted that she sees a "huge opportunity" for its vehicles to move both people and packages."We see a huge opportunity to move people and that same vehicle is very applicable to package delivery," Chief Exe...
