Metro Bank initiates more layoffs as restructuring continues – report [Yahoo! Finance]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: Yahoo! Finance
Around 100 employees have been told their jobs may be cut, as part of an ongoing review aimed at concentrating on areas likely to enhance business growth, two unnamed sources said. This announcement continues a period of workforce reductions under chief executive Dan Frumkin, who has directed operational changes when the lender narrowly avoided collapse in 2023. Frumkin's strategy has included a transition away from Metro Bank's traditional retail banking services towards increased corporate lending. Over recent years, Metro Bank has reduced its headcount by more than 1,000 positions. In late 2023, 850 job losses were disclosed, later rising to 1,000 in 2024. Later that year, the bank confirmed plans to remove a further 300 roles across business operations, IT, and support functions following an outsourcing agreement with Infosys for some technology services. A source with knowledge of the current process indicated that job cuts will affect various business areas. However
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INFY
Earnings
- 1/15/26 - Miss
INFY
Sec Filings
- 1/20/26 - Form 6-K
- 1/14/26 - Form 6-K
- 12/31/25 - Form 6-K
- INFY's page on the SEC website