US Bank announced an unspecified number of job cuts amid staff restructuring - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

US Bank is seeing increasingly higher digital engagement among customers, which could be fueling its decision to restructure staff:

The jobs of many employees — largely in middle management positions — will be eliminated and the bank will create more positions that deal with customers. US Bank will offer training and new job opportunities before resorting to layoffs in about two months. The decision comes after the bank announced in April that it would close, consolidate, or move hundreds of branches in 2019 and 2020, leading to a 10-15% smaller branch footprint.

The bank is seeing increasingly higher digital engagement among customers, which may be reducing the need for an extensive branch footprint. US Bank's Q3 2019 revealed that of its active Consumer Banking customers, 72% are active digital customers, up 2 percentage points from Q3 2018 and that, for the first time, a majority of its active customers are active mobile banking users.

As consumers engage more online, they're relying less on branches, enabling US Bank to make cuts to its branch network without diminishing its customer service.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 729. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Elizabeth Warren grilled Mnuchin on Fed repo operations, bank laws - Business InsiderElizabeth Warren grilled Treasury Secretary Mnuchin about the billions the Fed has injected into the market — and warned him against easing bank regulations
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Facebook deletes fake accounts from Iran, Russia ahead of US election - Business InsiderFacebook CEO Mark Zuckerberg said the social media platform is prepared to fight interference in the 2020 election, but the task is never-ending. ooooh -'dozens' - look out!
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

US neobank Chime suffers major outage - Business InsiderUS neobank Chime was hit by an outage on Wednesday that lasted more than 24 hours, leaving customers unable to make withdrawals or deposits. I bank with Ally and love it!💃💰
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Harley-Davidson profit falls 24% on weak U.S. demand - Business InsiderHarley-Davidson topped Wall Street expectations despite falling profits — and the stock is surging
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

15 mind-blowing facts about Halloween candy consumption in the US - Business InsiderEach Halloween season, millions of Americans flock to supermarkets and convenience stores to buy candy for trick-or-treaters.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

McDonald's slides as weak US growth leads to earnings miss - Business InsiderThe fast-food chain said US same-store sales growth slowed to 4.8% during the third-quarter, down from 5.7% the prior period.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »