In a bid to address certain ‘redundancies’, YES Bank has gone in for ‘rationalisation’ of its workforce. The bank has scaled down its workforce by nearly 2,500 on account of digitisation and automation.
With the bank’s digital transformation, greater degree of automation and digitisation gaining momentum, not only will the bank start witnessing better productivity, cost efficiency and customer service in the short to medium term, but will also generate some redundancies in job roles which will require rationalisation efforts.
As of June 2017, the staff strength of the bank stood at 20,851.
