Normal
...as per the recent BOQ layoffs. Blaming job cuts on the "digital channel" forcing a "corporatisation" of branches but to be fair, customers are preferring to use digital platforms for the convenience. Doing so has placed the local bank branches, the use of hard currency and jobs firmly at risk of being lost.The BOQ job cuts total 650 over the last 12 months thus saving $22.75M (based on 650 x $35k p.a.)Unfortunately and without doubt, those layoffs are affecting more than 650 individuals.So for convenience and cost savings to the banks, digital may be better but when it comes at the expense jobs, is it really?
...as per the recent BOQ layoffs. Blaming job cuts on the "digital channel" forcing a "corporatisation" of branches but to be fair, customers are preferring to use digital platforms for the convenience. Doing so has placed the local bank branches, the use of hard currency and jobs firmly at risk of being lost.
The BOQ job cuts total 650 over the last 12 months thus saving $22.75M (based on 650 x $35k p.a.)
Unfortunately and without doubt, those layoffs are affecting more than 650 individuals.
So for convenience and cost savings to the banks, digital may be better but when it comes at the expense jobs, is it really?
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