Originally, globalization probably reflected the desire of banks to serve their domestic customers as those customers themselves expanded overseas. This was probably a defensive measure designed to retain customers and preclude others from making inroads into longstanding customer relationships.
When people are stood down for more than 4 weeks without being paid by their employer, they are counted as either unemployed (if they are actively searching, and available for, other work) or not in the labour force. This is the case even when they still have an attachment to their employer and can return to their jobs when the lockdowns end.