Lenders wipe out nearly 500 jobs
…as wave of layoffs rocks banking industry
LIVINGSTONE MARUFU AND CLOUDINE MATOLA Zimbabwe’s banking sector is reeling from a wave of mass retrenchments, with nearly 500 employees losing their jobs in the past 12 months as financial institutions implement drastic cost-cutting measures. The mass layoffs come amid a volatile and uncertain economic environment, forcing banks to restructure operations to remain viable. …
