Citizens Bank reduced its headcount by about 650 positions, or 3.5%, in the fourth quarter, the Providence, Rhode Island-based lender said Wednesday in an earnings release.
The trim represents a combination of layoffs and attrition, bank officials said Wednesday.
“I think we have been very, very diligent in … looking at staffing levels across all the different activities in the bank and seeking efficiencies,” Citizens CEO Bruce Van Saun said Wednesday, according to American Banker, adding that the bank’s risk and audit segments were “spared.”
