Tuesday, 26 October 2021

Dubai’s biggest bank said to cut up to 500 jobs

Image Credit: Gulf News

DUBAI’s largest bank, Emirates NBD, has reportedly cut up to 500 jobs since October.

Reuters quoted sources familiar with the matter as saying the cuts were part of efforts by UAE banks to reduce costs amid slower economic growth.

The cuts have been across several areas of the bank, which employs 12,000 people in the UAE, it was reported, adding that the retail and technology operations were the most affected.

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