HomeJobsSpain's Banco Santander SA cuts 320 US jobs in digital shift, Bloomberg...

Spain’s Banco Santander SA cuts 320 US jobs in digital shift, Bloomberg reports – ETHRWorldSEA

Date:

Related stories

Spanish gambling regulator begins work to create central data registry

The DGOJ plans to create a common registry for...

Japa: 10 best jobs in demand for foreigners in Spain 2024 – Businessday NG

Spain, the fourth largest country in Europe, attracts...

Spanish Film Festival screens 4 movies about sports May 23 to 26 at Shangri-La Plaza

This is AI generated summarization, which may have errors....

Spain travel warning over key document – it may ‘be more difficult to get in’

The Spanish ambassador for Britain has warned expats that...
spot_imgspot_img

Spain’s Banco Santander SA has cut roughly 320 jobs in the U.S. as it seeks to focus more on digital operations, Bloomberg News reported on Sunday citing a person familiar with the matter.

The Spanish banking giant laid off about 2.7% of U.S. employees in recent days, out of a workforce of about 11,800, the report said, adding that the dismissals are focused on the bank’s retail operations.

Santander did not immediately respond to a Reuters’ request for comment on the report.

“We are evolving our U.S. business, investing in digital capabilities and simplified processes to adapt to changing customer needs,” Santander said in a statement to Bloomberg News.

The reported move follows Santander’s push towards digital operations in recent years. The bank will soon launch its digital bank service in Mexico, Santander Mexico’s head of digital and innovation Matias Nunez said in January.

(Reporting by Disha Mishra in Bengaluru; Editing by Josie Kao)

  • Published On Mar 5, 2024 at 12:00 AM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Get updates on your preferred social platform

Follow us for the latest news, insider access to events and more.

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img