- Tuesday, April 16, 2024
By: Eastern Eye Staff
Private lender Yes Bank has gone in for “rationalisation” of workforce to address certain “redundancies”, the company has said. According to reports, the bank has reduced its workforce by nearly 2,500 on account of digitization and automation. Although Yes Bank did not put a specific number, it said digital transformation has created certain redundancies requiring rationalisation of workforce. “With the bank’s digital transformation, greater degree of automation and digitisation gaining momentum, not only will the bank start witnessing better productivity, cost efficiency and customer service in the short to medium term, but will also generate some redundancies in job roles which will require rationalisation efforts,” it said in…
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