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Jun 27, 2024 · Yes Bank has laid off 500 employees as part of a restructuring exercise aimed at cost-cutting and shifting towards digital banking. The bank provided three months' severance pay to the fired staff ...
Jun 25, 2024 · While the layoffs have happened across several verticals ranging from wholesale to retail, the branch banking segment saw a large impact, one person cited above said. The people sacked have been given severance pay amounting to three months salary. “Yes Bank has launched an internal restructuring exercise at the advice of a multinational consultant. So far, around 500 have been asked to go and we can see more sackings in the coming weeks,” a person aware of the development said.
Yes Bank, in an internal restructuring exercise, has laid off 500 employees, with more layoffs to come across different verticals, to cut operating expenses (Abhijit Bhatlekar/ Mint) The private ...
Jun 26, 2024 · According to a report in The Economic Times, Yes Bank has laid off at least 500 employees in the restructuring exercise. More such layoffs could take place in the coming days, as per the report ...
Jun 26, 2024 · Yes Bank, a private sector lender, has recently laid off at least 500 employees as part of a restructuring exercise, according to multiple sources familiar with the situation. The layoffs, which ...
Jun 26, 2024 · Private sector lender Yes Bank has reportedly laid off at least 500 employees as part of a restructuring initiative, with more layoffs expected shortly. According to a report by ET, the layoffs have impacted various sectors, including wholesale, retail, and notably, the branch banking segment. This decision by the bank is significant as it ...
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Jun 26, 2024 · Yes Bank Lays Off 500 Employees In Restructuring Effort; Details. Yes Bank Lay Off: As per the report, The employees who have been laid off, are given a severance pay of three months’ salary. A ...
