Bank Layoffs 2024 Canada. “we are undertaking a restructuring program to streamline, deliver efficiencies, and create capacity to invest in future growth,” said a td bank spokesperson. Bank of montreal (2024 bcsc 419) the cheetham case is a class action lawsuit representing a group of employees who were laid off by bmo.
Canada’s biggest bank has cut about one per cent of its workforce since the start of may and is planning to cut up to two per cent more this quarter, rbc revealed in its quarterly earnings on. While there are still approximately two months left in 2023, the following banks have made — or may make — mass layoffs in canada this year.