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)
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