Otto BNS Mobile Banner Sep 20
Yes Bank to cut 12% of jobs: Reports

Sources have reportedly said that Yes Bank Ltd. has cut about 12% in its first widespread reduction of jobs since it was founded in 2004. The move has reportedly been taken in a bid to lower expenses and push technology amid an industry-wide lending slump. The lender cut about 2,500 roles, most of them are in the bank's sales team, the sources reportedly said.

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