ABN AMRO plans to cut 5,200 full-time jobs by 2028, it said on Tuesday, as the Dutch bank seeks to deliver on its cost-cutting promises and focus on its core businesses.
The reduction, equal to more than a fifth of the lender's workforce, will affect all business areas, including recently acquired Hauck Aufhäuser
Lampe and NIBC Bank, CEO Marguerite Bérard told Reuters.
The bank heavily relies on the 3rd party IT outsourcing sweatshop “Kyndryl” (a terminally ill cancer growth spinoff from IBM) who promised supporting the bank on “digitising processes, replacing legacy systems, and leveraging artificial intelligence”.
What they have really bought themselves is a massive Indian slave labour sweatshop in the outskirts of Calcutta who will run the bank soon into the abyss of oblivion.