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Shock at Itaú: Some of the Laid-Off Employees Admitted to Working for Other Companies During Remote Work. Understand the Scandal.
Itaú Confirms Mass Layoffs and Exposes Scandal of Employees with Dual Contracts
The Itaú Unibanco confirmed that some of the laid-off employees maintained contracts with other companies while working remotely. The statement was made this Friday (24) by the bank’s president, Milton Maluhy Filho, during the GAN Summit 2025 at the ESPM Theater in São Paulo.
According to the executive, around 1,000 professionals were dismissed after an internal investigation revealed low productivity and irregular conduct in remote work. He emphasized that the behavior of these employees jeopardized the trust in the hybrid work model, which is widely adopted by the institution.
“There were 1,100 people doing a terrible job, delivering 20% of what was expected and recording overtime,” Maluhy stated. “This is a misconduct and creates a burden on the rest of the team, jeopardizing a model we believe in greatly.”
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Former Employees Admitted to Working for Other Companies
Surprisingly, the president revealed that many of the laid-off employees acknowledged the mistake. He stated that most apologized and admitted to having more than one job during working hours.
“Most of those who left apologized, acknowledged the misuse, and admitted they were doing dual, even triple shifts and working virtually for others,” the executive said.
The confession sparked a strong reaction. The case raises questions about ethics, productivity, and the limits of remote work in large corporations. Moreover, it reinforces the risks of employees sharing their time between multiple professional contracts.
Itaú Layoffs Prompt Immediate Reaction from the Union
The mass layoffs resonated throughout the country. The São Paulo, Osasco, and Region Bank Workers’ Union stated that the bank justified the layoffs based on “records of inactivity in corporate machines”, indicating idleness of over four hours daily in some cases.
On the other hand, Itaú denied that it carried out a traditional mass layoff. In a statement, it asserted that the terminations were the result of a “careful review of conduct related to remote work and time recording”.
The episode, therefore, exposed the clash between the view of labor entities and the management strategy of the country’s largest private bank.
Itaú Reaches Multi-Million Agreement with Laid-Off Employees After Pressure
After weeks of pressure and negotiations, Itaú Unibanco reached an agreement with the Bank Workers’ Union. The deal guarantees up to 10 extra minimum wages, a fixed bonus of R$ 9,000, the 13th salary of the meal voucher, and real estate benefits maintained for former employees.
The arrangement was mediated by the Regional Labor Court of the 2nd Region (TRT-2). The bank also committed to not ending the telecommuting model. Former employees will have six months to accept the agreement.
With this, Itaú seeks to put an end to the controversy and preserve its reputation amid growing public scrutiny of remote control practices.
Remote Work Pressures Work Model and Economy
The case exposes a concerning reality. Since the pandemic, remote work has transformed the economy and the relationships between companies and employees. However, it has also increased the risks of low productivity and multiple professional contracts.
Experts assert that the Itaú episode demonstrates the urgency of rethinking transparency and digital monitoring policies. Furthermore, it highlights the challenge for companies to balance trust and performance in an increasingly decentralized environment.
On the other hand, the bank insists that it will continue to believe in the hybrid model — as long as there is commitment and ethics from the employees.
New Phase for Itaú and Warning for Other Companies
Itaú is trying to turn the page, but the episode serves as a warning for other companies facing similar dilemmas. The layoffs and confessions of dual contracts have laid bare the risks of an environment where flexibility can turn into abuse.
With the national repercussion, the case becomes a symbol of a new phase in labor relations in Brazil. Thus, the largest private bank in the country sends a clear message: transparency and productivity will be non-negotiable — even in times of a digital economy.
Não acredito nisso, que funcionário que admitiu isso? Parece matéria pra passar pano ao banco que fez um corte sem cabimento!
Tenho conta nesse banco mas devido ao desrespeito com que fez à muitos profissionais, vou transferir pra outro banco!
Uma grande mentira , se eles estavam fazendo um pessimo trabalho , por que muitos tinham méritos e reconhecimentos? Aliás , a contradição já começa no “muitos pediram desculpas” quando em outras matérias ficou claro que não houve diálogo…