Jenius Bank employees say the bank is closing [Yahoo! Finance]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
Company Research
Source: Yahoo! Finance
Jenius Bank, a digital bank division of Sumitomo Mitsui Banking Corp., is closing, according to several now-former employees. Jenius has not made an official announcement, and representatives for the company did not respond to requests for comment. But several Jenius employees posted on LinkedIn on Thursday and Friday that they were now “open to work” and others associated with the bank posted about “tough” news they'd received from Jenius employees. Additionally, Jenius ' X account was deleted Friday, and its LinkedIn page was wiped of all posts. Two former employees confirmed the layoffs and that Takeshi Okamoto, chair and CEO of Jenius' legal entity SMBC Manubank, informed them in a virtual all-hands meeting Thursday that Jenius would be shutting down. During the roughly 10-minute meeting, Okamoto and at least one other company representative informed employees about an email they would receive at their personal account if they were being let go, or their work email if the
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