Texas Capital Bancshares has made cuts to its workforce amid a volatile time for the banking industry. The Dallas-based bank laid off the staff last week, as reported by Bloomberg News.

According to Bloomberg, the Dallas Business Journal reported that it cut as much as 10 percent of its workforce. It had 2,198 employees as of December 31, 2022. The firm recently named Goldman Sachs Group Inc. managing director David Youngberg as its chief credit officer, and has also added Ed Rosenberg, an exchange-traded fund veteran.