Thread regarding Union Bank layoffs

U.S. Bancorp Completes Acquisition of Union Bank

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 1, 2022-- U.S. Bancorp (NYSE: USB) today announced that it has completed the acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG).

Putting this on top since some people don't seem to realize that this was not a merger but an acquisition, which makes the distribution of layoffs perfectly normal for such a transaction.

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