Central Bank Cuts Budget Without Layoffs

The Central Bank of Ireland is slashing 75 million euros from its budget—no layoffs, no pay cuts—just smarter operations and automation. With 26 million euros coming from internal efficiency and 49 million from cutting contractors and tech upgrades, Governor Gabriel Makhlouf vows to keep costs tight while maintaining effectiveness. Since the bank’s expenses trickle down to financial services and ultimately consumers, they’re aiming for just 3% annual spending growth until 2030—down from 6%. Details will roll out this fall, with staff fully involved in the process. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/53efcc62e472d79f