Layoffs have started, should be done soon. About 500 will be cut, given 10K headcount @ Zions we are looking at a 5% total workforce cut. Anyhow, about 30% of the layoffs would be employees who deal directly with the public, while the remaining 60% would be in enterprise activities and behind the scenes. A few bank branches will be closed or relocated; executives did not specify how many, but it would be “a modest trimming of the branch footprint." (per Scott McLean COO)
1 reply
My mom was laid off