The mood is tense at Equity Bank Uganda’s head office on Kampala Road, as word spreads that over 1,000 employees could soon be shown the door. Internal sources reveal that a recent audit has unearthed widespread fraud, triggering a brutal wave of layoffs and no one is safe.Graduate trainees, junior staff, and even mid-level managers are all bracing for impact. “The machete is swinging wide,” said one insider who requested anonymity. “Even the fresh recruits are getting chopped.”While the bank has yet to make an official announcement, multiple leaks from within the organization suggest that the layoffs are not just about cleaning house. Insiders say it’s also a drastic cost-cutting measure meant to streamline operations and boost profitability amid mounting pressure from shareholders.“There’s panic in every department,” another staff member confided. “People are whispering, watching emails, dreading the next HR call.”The bank has been tight-lipped on the issue, but an internal memo reportedly pointed to a “restructuring exercise” aimed at aligning with “strategic business goals”—corporate speak that many employees have taken as a death sentence for their jobs.What started as a routine audit has snowballed into a full-blown shakeup, with suspicions that the fraud might involve internal collusion. Whispers around the bank corridors suggest some big names could be implicated.As the uncertainty grows, staff morale is sinking fast. “You can’t focus on work when you’re worried about being axed,” said one visibly shaken employee.Equity Bank Uganda, a subsidiary of the Kenyan-based Equity Group Holdings, has expanded aggressively in recent years. But behind the polished PR and new branches, it seems not all is well in the back office.The question now is not just how many will go—but who. And how far up the chain this purge will reach.The post Mass Layoffs Loom at Equity Bank Uganda: Over 1,000 Jobs on the Line Amid Fraud Probe and Cost Cuts was written by the awesome team at Campus Bee.