BAC Credomatic Implements Mass Layoffs in Costa Rica
The financial institution confirms the termination of 100 employees as part of a strategic restructuring plan.
On April 3, 2025, BAC Credomatic officially announced the termination of approximately 100 employees in Costa Rica, citing strategic decisions aimed at maintaining the institution's financial solidity.
According to Laura Moreno, the Vice President of Corporate Relations, this move is part of a broader initiative designed to create a structure that is more responsive to client needs, enhance decision-making processes, and ensure sustainable growth.
The layoffs represent about one month's normal employee turnover within the organization.
The company has committed to providing personalized support for the affected workers, along with a range of benefits that exceed the local labor regulations.
Despite requests for more specific information regarding the layoffs and the locations of the affected branches, BAC has stated that further details would not be disclosed beyond the official announcement.
BAC Credomatic had reported a workforce of 5,012 employees as of February 2025, according to data from the Superintendence General of Financial Entities (Sugef).
The company's strategic restructuring is part of an ongoing effort to foster innovation while prioritizing customer service with a more dynamic and client-centric organizational framework.
According to Laura Moreno, the Vice President of Corporate Relations, this move is part of a broader initiative designed to create a structure that is more responsive to client needs, enhance decision-making processes, and ensure sustainable growth.
The layoffs represent about one month's normal employee turnover within the organization.
The company has committed to providing personalized support for the affected workers, along with a range of benefits that exceed the local labor regulations.
Despite requests for more specific information regarding the layoffs and the locations of the affected branches, BAC has stated that further details would not be disclosed beyond the official announcement.
BAC Credomatic had reported a workforce of 5,012 employees as of February 2025, according to data from the Superintendence General of Financial Entities (Sugef).
The company's strategic restructuring is part of an ongoing effort to foster innovation while prioritizing customer service with a more dynamic and client-centric organizational framework.
