U.S. banks are expected to make the largest staff cuts in history
In the next decade, the U.S. banking sector will experience the most
reduction in the U.S. banking sector in the next decade.
will reach 10%. This warns Wells Fargo Bank analyst
Mike Mayo, whose words are cited by The Financial Times.
Over the past 10 years, the number of employees in the banking industry has not
show significant changes, being close to the level of 2 million
people. However, going forward, as banks have reacted to changes
in the economy as a result of the spread
coronavirus, the situation will change. The reductions will particularly affect
staff bank branches and call centers, employees of cash registers,
believes the expert. His point of view corresponds to the forecast of the Labor Ministry
United States, according to which the number of staff in the banking sector
fall by 15%.
Most of the branches that were closed by banks due to the
pandemic, will not reopen, said Mayo. Those that
will continue to operate, the number of employees will decrease.