Topics regarding layoffs at Royal Bank of Canada

Topics regarding layoffs at Royal Bank of Canada

RBC hired CNB employees

Looks like there is some stir around employees who were hired on RBC paper for CNB work. Emails going out to justify time spent on CNB work

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| 821 views | | 1 reply (December 22, 2023)
Post ID: @OP+1pXhPfMY

I was laid off - so was my boss and his boss

I am based in London. Jobs in London have slowly been outsourced to low-cost locations like Nova Scotia and Malaysia. Cuts have been subtle - but noticeable. I think 20% of my department has been let go - which is huge

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| 720 views | | 2 replies (last January 25, 2024)
Post ID: @OP+1puVHjE5

Layoffs in Technology at RBC

heard from a few friends that they are going through another round of layoffs from IT position at RBC.

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| 722 views | | no replies yet
Post ID: @OP+1p9vPwpj

Kelly Coffey to be Fired

How long will RBC wait to fire the disastrous CEO of CNB, Kelly Coffey? She is responsible for the culture that has led to so many regulatory issues and CNB’s inability to remediate. She needs to be fired.

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| 1561 views | | no replies yet
Post ID: @OP+1n2ngGdV

Can't take this place anymore

Tried to reset over the long weekend and I'm already downtrodden and frustrated. Why is this place so frustrating

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| 812 views | | no replies yet
Post ID: @OP+1mTyrq2o

Layoffs Coming

Managers have been asked to provide names of layoff candidates.

Fu-k RBC

From CNB

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| 1134 views | | no replies yet
Post ID: @OP+1lLAYiOo

RBC I&TS to announce latest wave of job cuts in Luxembourg

The launch of the service comes as the roles of the COO and CFO are increasingly becoming blurred with other functions within an investment manager. https://www.globalcustodian.com/rbc-its-to-announce-latest-wave-of-job-cuts-in-luxembourg/

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| 1430 views | | no replies yet
Post ID: @OP+18cXZEyE

RBC to cut hundreds of jobs in Luxembourg, sources say

https://luxtimes.lu/luxembourg/38851-rbc-to-cut-hundreds-of-jobs-in-luxembourg-sources-say RBC Investor & Treasury Services, a subsidiary of the Royal Bank of Canada, are planning to make 305 of their staff in Luxembourg redundant. The company... — read more 

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| 1710 views | | no replies yet
Post ID: @OP+121evZ95

Be patient

RBC is a solid bank and you can spend your entire life working here

by
| 2883 views | | 3 replies (last November 23, 2018)
Post ID: @OP+VTA4Rzx

Royal Bank of Canada Layoffs 2018

I thought that we were safe (oh, well - wrong), even tough many competitors were cutting people, do you think we'll cut here in Toronto.

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| 3010 views | | 3 replies (last November 5, 2018)
Post ID: @OP+PLdbRK8

50% layoffs incoming

Massive layoffs (>50%) coming to TD/RBC/BMO/Scotia/National/HomeTrust/CMHC/Canada Gurantee/SunLife/AmericanExpress (Project Managers, Senior Managers, Directors, Senior Directors, VPs, Senior VPs). HUGE Cost Cutting because of Automation + dwindling... — read more 

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| 3872 views | | 3 replies (last January 12, 2019)
Post ID: @OP+OFNQT2p

RBC severance pay

How was the severance pay. Disclosure: I worked for a competitor and want to compare my severance

by
| 4919 views | | 1 reply (June 25, 2017)
Post ID: @OP+NWVVjPq

Contractor layoffs

Unfortunately contractor's being laidoff never count in banks layoff numbers. It's always the number of Employees (FTE's) being laidoff because of department consolidations and redundant jobs are being eliminated. E.g just like when two companies... — read more 

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| 2519 views | | 1 reply (June 25, 2017)
Post ID: @OP+NW3Fltk

With current management, expect more layoffs

Not surprised that RBC is letting go of more workers rather than fixing its management issues. Management at the bank never really cared about having their workers better themselves professionally, or heavens forbid think for themselves. At least it... — read more 

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| 2990 views | | 2 replies (last March 14, 2018)
Post ID: @OP+NTF8EEe

Yes, layoffs are happening at RBC

Things will get worse. I see that all companies have thriving boards here on layoffs dot com but no discussions here even though I see discussion threads with 100s or 1000s of views. Why are RBC so silent - fear? Yep, that's the culture here at RBC... — read more 

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| 9328 views | | 4 replies (last December 15, 2020)
Post ID: @OP+NTqjZx8

What a surprise, Royal Bank is at it again

I am truly sorry to hear about the latest layoffs. I don't want to pour salt on the wound, but I have seen this before. Several years ago they fired a number of New York folks and moved those jobs to Canada for money saving purposes. There was no... — read more 

How do they do it?

Walking in blind here, never been laid off before. Have a gut feeling I would not dodge the bullet this time. Does anyone know how they actually do it? How they notify you, who is there? What exactly do they tell you? How long does it take? Do they... — read more 

Is this just a start?

Buckle up, it started already. The only question is are all the RBC layoffs going to be focused on headquarters only, or should those of us working in branches also start packing... — read more 

Legal Department Layoffs

Have a friend who lost his job after 10 years at RBC in the Legal department... I hope their severance is generous. Summer is always a tough time to find a new gig...

RBC digital layoffs

Today they decimated the User Experience team. The online people who care about customers. Also a ton of IT people. Not sure if that means India inherits a bunch of jobs. I'm sickened.

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| 2970 views | | 4 replies (last November 5, 2018)
Post ID: @OP+NTGEpwH

2014 will be brutal

we had over 1000 people let go this year, next year will be even worse. many departments got affected, i am with it and we got hit big time. RBC used to be a great place to work at but nowdays everyone is scared and people are trying to figure out... — read more 

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| 2651 views | | 1 reply (October 28, 2016)
Post ID: @OP+t8SmTc4

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