Bank PHB Sacks Over 1,000 Staff

These were the MD/CEO'swords after relieving a good number of his staff of their daily bread

"Repositioning Bank PHB calls for sacrifice from us all. That sacrifice is demanded today for us to build an enduring franchise that will not only continue to rival the best in Nigeria’s financial industry but also become a strong player in Africa and the world.
As part of our repositioning efforts, we have pruned down on our current staff size to align the workforce with redesigned organisation and current business realities. We have embarked on this exercise with the thoroughness it requires, especially to align branch functionality with operating our New Business Model."

This is actually happening after a serious salary slash that just occurred last month.

When will this stop?Where will they go?

He who buys a sieve to fetch water knows that it fetches nothing. Sackings will not stop and the sacked will continue to look for other jobs, from which they are likely to be sacked again.
It is the current world order. That is why more people are turning to more lasting and profitable self-employment by running their own small businesses.
"NEVER DEPEND ON SOME BODY's PROVISIONS ON A JOURNEY. YOU WILL BE HUNGRY MOST OF THE TIME'