I think it will be front line workers like tellers and personal bankers. I hope not as a personal Banker but what do you guys think?
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The layoffs were bottom up, managers were not affected.
I doubt they will outsource as they have already said they're tired of paying for contractors. Nice try.
Non-revenue generating roles like project management, Human Resources, Risk, compliance, finance will be the hardest hit. Areas where there are too many manager layers and managers will be eliminated. Jobs that can be automated will be gone. Anything they can outsource to save money will be impacted. They may close more branches since digital is taking off during covid.