Dubai’s largest bank Emirates NBD is reportedly laying off around 800 staff as the recent situation has had a significant impact on the economy.
“Unfortunately, this has meant letting go of some of our colleagues as we right size to meet our anticipated future business needs, especially in the light of the economic forecasts that point towards challenging times ahead,” an Emirates NBD spokesperson was quoted as saying by Khaleej Times.
“This decision was not taken lightly, and we have done our very best to treat them fairly, with respect, and set them up for success outside Emirates NBD. We remain optimistic that, as the UAE economy opens up, Emirates NBD will have the right structure to continue to support customers and help businesses grow and prosper,” he added.
