Yes Bank fires 500 employees: Branch Banking hit the hardest, more job cuts likely

• Yes Bank, an Indian private sector bank is currently undergoing a restructuring phase, resulting in the layoffs of 500 employees.
• The primary goal of this initiative is to reduce costs and enhance operational efficiency to secure a more sustainable future for the bank.
• Here is what is happening. 

Restructuring at Yes Bank

Yes Bank has begun a restructuring process that has led to the dismissal of at least 500 employees, according to a report in The Economic Times.

With more layoffs to come across different verticals, to cut operating expenses.

This shake-up has affected many areas, including: