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December 3, 2021
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Layoffs Watch '15: Overhaul Of RBS Involves "Significant" Number Of People Being Told To Clean Out Their Desks

A bunch of employees in the investment bank get the honor of going first.
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The bank is starting slowly by asking 100 investment bankers to leave after lunch and not come back. After that, the sky is apparently the limit.

Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned bank, will eliminate about 100 jobs as part of an overhaul of its investment bank, according to two people with knowledge of the matter...RBS Chief Executive Officer Ross McEwan, 58, is shrinking the investment bank, exiting 25 countries around the world, cutting jobs and assets as he attempts to overturn seven straight annual losses. He’s said there will be “significant” job losses as part of the changes, without specifying how many positions will be lost at the Edinburgh-based bank.

RBS Said to Eliminate 100 Jobs at Investment Bank in Revamp [Bloomberg]

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