Spain's Banco Santander SA cuts 320 US jobs, focusing on retail operations, to shift focus to digital operations.

Spain's Banco Santander SA has cut around 320 jobs in the US as it shifts focus to digital operations, according to a source familiar with the matter. The bank laid off about 2.7% of its US employees, focusing the cuts on retail operations. Santander plans to invest in digital capabilities and simplify processes to adapt to changing customer needs, a statement said.

13 months ago
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