DNB Bank ASA (DNBBF) Norwegian financial services company, announced on Tuesday that it will axe around 500 full-time jobs over the next six months to reduce costs and boost operational efficiencies.
Kjerstin Braathen, CEO of DNB Banks, said: "DNB is well positioned to take new steps in the area of digitalization and automation. At the same time, DNB's costs have also increased in pace with high inflation and even more regulatory requirements for banks. We acknowledge that we have to spend our resources on fewer, but larger initiatives."
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