RBC is no longer a company where you will be able to retire from. A two year employment anniversary is now a big accomplishment. Previously a 5 Year anniversary was the first employment tenure recognition. Anyone with 20 years + tenure is now rare... — read more
Topics regarding layoffs at Royal Bank of Canada
RBC is a solid bank and you can spend your entire life working here
Do you think there may be small/medium/large Royal Bank of Canada Layoffs in 2019?
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.
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
How was the severance pay. Disclosure: I worked for a competitor and want to compare my severance
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
RBC Bank's layoff of 450 are contractors from their digitization of operations
Layoff number is not just 450. But in thousands from business staff and business support staff across the board. Nothing personal but the overall banking business is changing because of disruptive technologies, cloud, automation etc. The banks have... — read more
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
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
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
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
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
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... — read more
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.
No layoffs, yes layoffs??? Gossip… Rumors? What's correct, there is a ton of rumors about layoffs here in Toronto.
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
If anyone wants to bring to light the problems you are facing please feel free to post at: https://www.facebook.com/BoycottRoyalBankOfCanada We are concerned Canadians who will listen and lend support. — read more
HELLO ALL, ARE THERE ANY NEWS ON POSSIBLE LAYOFFS AT THE ROYAL BANK OF CANADA - I'VE HEARD VARIOUS INFORMATION ABOUT THIS BUT I NEVER HEARD IF ADMINISTRATIVE STAFF WILL BE AFFECTED BY LAYOFFS. I KNOW THAT IT'S HORRIBLE TIME AND THAT THE BANK IS... — read more