Reported 12 months ago
Global companies are currently undergoing a wave of layoffs, with the recent example being Germany's Postbank planning to transition from traditional branches to online banking. This transformation involves significant branch closures and the impending layoff of over 1,000 employees. The move is seen as a cost-saving measure to adapt to the digital age where traditional branches are considered somewhat redundant due to customers' preference for online banking. The layoffs are part of a larger restructuring plan aiming at efficiency improvements, yet posing challenges for the longstanding bank. The current trend towards cost-cutting and efficiency enhancement in companies puts many employees at risk of unemployment, highlighting the need for individuals to adapt to the evolving landscape to find new opportunities in their field.
Source: YAHOO