BOK Announces Layoffs Including 36 In Tulsa

Wednesday, October 26th 2016, 4:34 pm
By: News On 6

Wednesday, BOK announced about two percent of its workforce will be laid off, including positions in Tulsa.

According to a spokesperson, about 100 positions were eliminated in total – 36 of those positions in Tulsa.

President and CEO of BOK Financial, Steven G. Bradshaw, released a statement saying:

“In 2016 we have seen elevated expenses from a variety of sources. While we have tactically reduced expenses and headcount over the past few years, in October we took further decisive action to align expenses with expected revenue growth. By reducing contract labor, not backfilling some open positions, and right-sizing our workforce, we believe we will reduce annual expenses by approximately $20 million in 2017.”