ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent ...
Read More »Even for a bank, 12,000 job cuts seems excessive
Ten thousand here, another couple thousand there. Lately, dramatic job cuts seem to be par for the course at the world’s banks. Even by those standards, though, Commonwealth Bank of Australia’s plan to trim 10,000 to 12,000 jobs is eye-popping. The lender is “secretly†preparing to cut a quarter of its workforce in coming years, and shutter up to a ...
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