A shocking revelation has emerged from the digital banking world, leaving many in disbelief. The future of Jenius Bank, a division of Sumitomo Mitsui Banking Corp., hangs in the balance as employees announce its closure.
Despite no official statement from Jenius, former employees have taken to LinkedIn to share their sudden departure, leaving a trail of confusion and concern. The bank's X account deletion and LinkedIn page wipeout only add to the mystery.
But here's where it gets controversial... Two ex-employees confirm the layoffs, stating that Takeshi Okamoto, CEO of SMBC Manubank, broke the news during a virtual meeting. Employees were informed via email about their fate, with some receiving the news at their personal accounts, a stark contrast to the usual work email notifications.
One anonymous employee shared a chilling experience, being locked out of their Microsoft Teams and Outlook programs during a post-meeting discussion. Another employee lost access to their work programs mere minutes after the all-hands meeting, a swift and unexpected move.
Okamoto cited "market performance" as a reason for the closure, with the digital bank struggling to meet profitability expectations set by its parent company.
An employee, speaking on condition of anonymity, shared their insights, "The larger tone at Jenius was 'over promise, under deliver.' They just never got it right."
And this is the part most people miss... Jenius' rapid expansion plans, including doubling its workforce and developing new products, now seem like a distant dream. An employee, hired just months ago, feels betrayed, "I was sold a lie. I left a stable job for this, backed by one of the world's biggest banks, only to be pushed out the door."
A customer service representative, however, contradicts this narrative, insisting the bank is not closing. The official stance from Jenius remains unclear, with no public announcement as of yet.
So, what's the real story behind Jenius Bank's future? Is it a case of miscommunication or a strategic move? We invite you to share your thoughts and opinions in the comments. The banking world is watching, and the future of Jenius hangs in the balance.
