(Reuters) – According to Bloomberg News on Sunday, which cited a person familiar with the situation, Banco Santander SA of Spain has eliminated about 320 positions in the United States in an effort to concentrate more on its digital activities.
Out of roughly 11,800 workers, the Spanish banking behemoth cut off 2.7% of its US staff in the last few days, according to the report, which also stated that the bank’s retail division was the primary target of the layoffs.
Santander did not answer Reuters’s request for comment on the report right away.
In a statement to Bloomberg News, Santander stated, “We are evolving our U.S. business, investing in digital capabilities and simplified processes to adapt to changing customer needs.”
The rumoured action comes after Santander’s recent drive for digital operations. Santander, the bank’s digital banking service, will soon be available in Mexico. Matias Nunez, Mexico’s director of innovation and digital, stated in January.
