Dallas, Texas-based Texas Capital Bank, a regional full-service financial firm, has announced that it will initiate a 10% reduction in its workforce.
Approximately 220 employees were targeted for layoffs.
According to a bank spokesperson, "Texas Capital continues to execute the transformation strategy set in place during September 2021 and has created disciplines to consistently deliver operating efficiencies through the investment in better technology, products, processes, and client experience. To that end, we eliminated or consolidated certain positions consistent with these plans during the week of April 14, 2023."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?