Wednesday 8 July 2020

Emirates NBD to lay off 800 staff

DUBAI, 13 days ago

Emirates NBD, Dubai's largest bank, is laying off around 800 employees as part of its plan to "right size" the bank to meet anticipated future business needs, said a report.
The Khaleej Times report quoted an Emirates NBD spokesperson as saying the recent developments have had a significant impact on the economy, the financial services sector and the lender itself, resulting in changes to its operations and staffing requirements.
"Unfortunately, this has meant letting go of some of our colleagues as we right size to meet our anticipated future business needs, especially in the light of the economic forecasts that point towards challenging times ahead," he said.


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