Santander Cuts 320 Jobs in U.S. Amid Digital Refocus, Bloomberg Reports
-- Spanish lender Banco Santander has cut roughly 320 jobs in the U.S.--representing around 2.7% of its employees in the country--as it intends to focus more on digital operations, Bloomberg reports, citing unnamed sources.
-- Layoffs follow the bank's plan to evolve its U.S. business, investing in digital capabilities and streamlining processes to adapt to changing customer needs, according to a statement that Santander sent to Bloomberg.
-- The bank is working to provide internal opportunities, where possible, Bloomberg reports.
-- Santander didn't respond to a request for comment when contacted by Dow Jones Newswires.
Full story: https://bloom.bg/3UYvSbz
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
March 04, 2024 08:17 ET (13:17 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?
-
Walmart Earnings: Low Prices and Strong Digital Presence Drive Market Share Gains
-
After Earnings and a Big Selloff, Is Shopify Stock a Buy, a Sell, or Fairly Valued?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing
-
Going Into Earnings, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Arista Stock a Buy, a Sell, or Fairly Valued?
-
A Cheap Dividend Aristocrat to Buy Before It Bounces Back