January 14, 2025

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Commercial Bank of Ethiopia

Commercial Bank of Ethiopia to Lay off 12,000 Employees

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The Commercial Bank of Ethiopia (CBE) is going to lay off 12 thousand of its employees, say informed sources. ️

Last month, Government Employees Proclamation was passed by the parliament. Since then rumors have been going around that tens of thousands of Ethiopian government employees will be dismissed soon.

At some recent meetings held by CBE in Merkato Addis Ababa, the bank employees were told that thousands could be fired in coming days. The employees were urged to work hard to continue being part of the bank.

So far no official statement has been announced by the Commercial Bank of Ethiopia to lay off its employees.

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