Scotiabank to Cut Jobs in Canadian Banking Unit
Bank of Nova Scotia is cutting jobs across its Canadian banking division to boost long-term profitability.
Changes at the bank announced “over the last few weeks” are designed “to prioritize only those activities that drive the most meaningful impact for our business,”
said Aris Bogdaneris, who leads the division, in a memo to staff. Bogdaneris acknowledged the difficulty of the transformation, especially when it means saying goodbye to valued colleagues, but didn't specify how many roles are being cut.
Author's summary: Scotiabank cuts jobs for profitability.