Despite eye-watering profits, the banking sector is 'throwing workers on the scrap heap while executives pocket bonuses' and providing even less services. And yesterday (11 September), Bendigo Bank also announced 158 layoffs. Bendigo Bank … [is] profitable, yet loyal workers are being thrown on the scrap heap while executives pocket bonuses. BIGGER FOR THE BANK BENDIGOMeanwhile, once pitched as the “community” bank, Bendigo Bank is apparently no longer satisfied with its size and wishes to join the pissing contest with the bigger guys. These egregious acts took place at a time of increasing growth for the banking sector.