Zenith Bank, one of Nigeria’s largest lenders, has reportedly laid off 66 senior staff members as part of a significant organizational restructuring.
The reorganization also included internal promotions and role adjustments, which benefitted mostly junior staff members. The bank cited age and performance issues as the main reasons behind the decision.
The affected staff members were primarily from the senior management and middle management levels, and the layoffs were part of the bank’s strategy to streamline operations and improve efficiency.
Zenith Bank has assured that the affected employees will receive severance packages and support to help them transition to new opportunities.
Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.