Santander Cuts Some 300 Jobs in US Branches in Digital Shift
A Santander bank branch in New York.
Photographer: Ron Antonelli/Bloomberg
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Banco Santander SA has cut roughly 320 jobs in the US as it seeks to focus more on digital operations, according to a person familiar with the matter.
Spain’s largest lender laid off about 2.7% of US employees in recent days, out of a total workforce of about 11,800, according to the person, who asked not to be identified because the matter isn’t public. The dismissals are focused on the bank’s retail operations in the country, the person said.