do mergers result in layoffs a overall


Do mergers result in layoffs?

A:
Overall employment in the banking industry actually has increased slightly over the last ten years. Some mergers do result in layoffs. However, many banks reduce their staff largely through attrition to ease the transition (e.g., 33-percent annual turnover rates are not unusual among tellers).

 

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Corporate Finance: do mergers result in layoffs a overall
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