Highlights

  • Yes Bank has reportedly laid off at least 500 employees
  • Layoffs occurred across multiple sectors, including wholesale, retail
  • Layoffs are part of an ongoing effort to become more operationally efficient

Latest news

Investor Nicole Junkermann says India has Structural Advantage in Global Artificial Intelligence Race

Investor Nicole Junkermann says India has Structural Advantage in Global Artificial Intelligence Race

Punjab T10 Cricket League Rescheduled; Action to Now Take Place from June 14 to 20 in Amritsar

Punjab T10 Cricket League Rescheduled; Action to Now Take Place from June 14 to 20 in Amritsar

Quad to launch critical minerals framework to strengthen critical mineral supply chains in Indo-Pacific: US Secretary of State

Quad to launch critical minerals framework to strengthen critical mineral supply chains in Indo-Pacific: US Secretary of State

India Semiconductor Mission launches 'Investors Support' portal to assist Semiconductor Investors

India Semiconductor Mission launches 'Investors Support' portal to assist Semiconductor Investors

M416 Glacier Rewards Return in BGMI's Latest Redeem Code Reveal

M416 Glacier Rewards Return in BGMI's Latest Redeem Code Reveal

BTS returns to AMAs stage after four years with pre-taped 'Hooligan' performance

BTS returns to AMAs stage after four years with pre-taped 'Hooligan' performance

Decathlon's 'Sports Utsav 2026' Celebrates Movement, Engaging 200K+ Participants Across 125 Stores Pan-India

Decathlon's 'Sports Utsav 2026' Celebrates Movement, Engaging 200K+ Participants Across 125 Stores Pan-India

India, Canada push for early trade deal; PM Mark Carney calls CEPA 'Game Changer'

India, Canada push for early trade deal; PM Mark Carney calls CEPA 'Game Changer'

Yes Bank lays off 500 employees in restructuring move: Report

In 2020, the bank conducted a similar restructuring after current Managing Director Prashant Kumar took over following the Reserve Bank of India's intervention to prevent the bank from collapsing

Yes Bank lays off 500 employees in restructuring move: Report

Yes Bank has reportedly laid off at least 500 employees as part of a restructuring exercise, according to an Economic Times report.

The layoffs occurred across multiple sectors, including wholesale, retail, and branch banking.

According to sources told the ET, these layoffs are part of an ongoing effort to become more operationally efficient.

Also read/watch - Monetary policy will unambiguously focus on reducing inflation: RBI Governor Shaktikanta Das

The ET report further adds that affected employees have been given three months' severance pay.

This isn't the first time Yes Bank has undertaken such measures. In 2020, the bank conducted a similar restructuring after current Managing Director Prashant Kumar took over following the Reserve Bank of India's intervention to prevent the bank from collapsing.

ADVERTISEMENT

Up Next

Yes Bank lays off 500 employees in restructuring move: Report

Yes Bank lays off 500 employees in restructuring move: Report

How much does a ULIP plan really cost? A break-down of all charges

How much does a ULIP plan really cost? A break-down of all charges

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Reliance denies buying Iranian oil amid US sanctions waiver

Reliance denies buying Iranian oil amid US sanctions waiver

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

ADVERTISEMENT

editorji-whatsApp

More videos

Govt announces seven measures to help boost exports

Govt announces seven measures to help boost exports

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI pauses rate cuts, retains interest rate at 5.25 pc

RBI pauses rate cuts, retains interest rate at 5.25 pc

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

Explained: India-US trade deal, tariffs and trade benefits

Explained: India-US trade deal, tariffs and trade benefits

Trade deal with US adds momentum to India's growth ambition: Industry leaders

Trade deal with US adds momentum to India's growth ambition: Industry leaders

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.