YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

New owner of Silicon Valley Bank to lay off hundreds

Posted online

The new owner of Silicon Valley Bank is laying off hundreds of former employees.

First Citizens Bank confirmed the layoffs, with CEO Frank Holding Jr. calling them “difficult but necessary actions to ensure that our workforce and costs are appropriate for a bank our size.”

First Citizens took over Silicon Valley Bank about two months ago after it collapsed.

Read more from the Triangle Business Journal.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Business Spotlight: Grow What You Know

Led by a team of gardening experts, Harvest Grow Supply offers know-how alongside more than a thousand products.

Most Read
Update cookies preferences