U.S. Bancorp is reportedly preparing to cut thousands of office jobs across the US in the wake of changing consumers’ preference to carry out banking online.

The cuts, which would be executed across branches, will affect mostly job categories such as assistant branch managers and teller coordinators.

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The lender did not reveal the exact number of job losses.

However, U.S. Bancorp spokeswoman Molly Snyder told Bloomberg that the cuts will represent around 2% of the bank’s 74,000 staff.

In a memo to staff, U.S. Bancorp CEO Andy Cecere said that the bank “made the difficult decision to eliminate their jobs because customer behaviours have changed.”

Snyder told the publication that the decision will not result in the closure of any branches. The bank manages nearly 3,700 offices across the US.

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New hiring is also being planned to offset the effect of the job cut.  The bank will recruit business-banking development consultants as well as client-relationship consultants among various new jobs. The new roles will be branch-based.

Robots to claim 200,000 jobs in US banking sector

Robotics and automation are expected to make 200,000 people working in the US banking sector jobless in the next ten years, according to a recent report published by Wells Fargo.

The report further states that US financial services firms are investing heavily to the tune of $150bn per annum on technology upgrades to slash operational expenses.

A number of banks including HSBC and Commerzbank across the globe are planning or are in the process of implementing huge job cuts.

Recently, HSBC announced that it is planning to lay off up to 10,000 employees globally in order to lower costs across the banking group.