Some directors put in only 10% of what's needed, lazy and some are not competnent. There should be a clean up there...
Scotia Digital : any update after RBC layoffs
After RBC layoffs is there any update for BNS ?
Recent BNS Layoffs
Over 100 BNS employees were given pink slips in February 2023. These were Canadian employees from across the country. My daughter was one of them...she was a long term employee with BNS. Layoffs for some were effective February 28th; others later... — read more
Scotia Digital
Any new updates? Heard more coming in Jan 2nd week
There are always those who feel safe
I wish the circumstances at work were more favorable for all of us, but I really don't know what gives some people so much confidence that their job is very safe? One should not worry too much ahead of time, but it is always better to search... — read more
This is becoming a place for mediocrity
It is becoming increasingly clear that what was once perhaps valued, now it is not valued at all. It doesn't matter anymore whether you are one of the most knowledgeable people at your job, or whether you have been loyal and gave your best for... — read more
Can we get more info on layoffs?
I'm not sure where the news came from but it would be nice to know when and where the layoffs will take place. As well as how many will be impacted. If this is all just speculation, then please say so. There's no need to cause more stress to people... — read more
Massive layoffs across Global Operations FY23
500-1000 Canadian jobs moving to Latin America.
Scotia Digital
Layoff for FTEs and contractors staying ? Can someone confirm ?
Cuts to FTEs starting Q2 2021
We are entering into Q2 and should expect to see larger cuts to FTEs IT&S is expected to see cuts to bloated divisions. Expect the SVPs to make cuts to directors within divisions. Some directors have gotten away with little or no work. The time... — read more
Bonuses
Our VP said employees will still get payouts (bonus etc). It will be less than previous years. I was worried we wouldn't get any bonuses because of the cuts to the contractors. Scotiabank thanks for looking after us as we look forward to this bonus... — read more
Any news on more cuts?
There was some talk about a round before the end of the year, what happened to that?
Reduction to FTE staff in new fiscal year.
Scotiabank is preparing to cut it's FTE staff in the new fiscal year as departments prepare the new budgets. The bank has already determined which contractors to cut including rates. Management meetings are on-going to determine which FTEs to cut... — read more
Scotiabank Cutting Contractors
Scotiabank is reducing its contractors this fiscal year. Any contractor that has been with the bank for more than 24 months are being told to leave. They will recall those that they want albeit at a 10-15% rate reduction (at a minimum from their... — read more
Down Sizing Logic? I donāt think so!
Like all Canadian FIās, BNS started its plans late and badly. The word started get out that there were āchangesā coming shortly after Brian Porter took over followed quickly by a senior executive purge. Then about a month later the real changes... — read more
Layoff Criteria
What I don't understand is the selection process for layoffs ... there are a couple people I know that have stellar reviews - Superior annual reviews, Best of the Best awards, etc. yet they're still laid off while someone else within the department... — read more
Horrible place to work
I worked for a division of scotiabank as a supervisor. The upper management team was horrible and disrespectful and seemed to take great pleasure in putting us down and literally making us cry. They never wanted to listen to those on the front lines... — read more
How come the so called experts did not see the evolving threat of Fintechs
Where was the so called vision of the directors at seeing the upcoming threat of Fintechs? They start the restructure at the expense of employees when the Fintech threat is inside the doors? I would like to see Porters face after 2 years
Bank of Nova Scotia layoffs Atlantic
How can this bank justify cutting important jobs. We have had the same person doing our banking for 15 years... we have a business, we have a mtg. with this bank & they cut this person's job... makes no sense... we will be changing banks... you're... — read more
I worked at BNS.
Used to be a great place but ever since Brian Porter came around its been a sh-- show! The training sucks, employees aren't given the training they need. No ones there to help. It sucks for employees that actually work. They should get rid of the... — read more
Poor Management
Management is horrible! Branch managers don't tell their employees anything and keep reassuring them that their fine. No one knows! Another thing I'd like to understand is that the bank is trying to work with technology which I totally get as I'm a... — read more
Not looking good and not feeling good
I had a training session yesterday (which had been planned months ago), which included staff from several departments. The news were dark everywhere. Seems like all departments were on edge and employees were expecting the worst. I know in my... — read more
I'm not talking service level.
We have been advised to find our own job. Regardless of years of experience or level. They would rather see us go to other FIs.
This is a harsh reminder of the constant threat of corporate downsizing.
Very few of us haven't experienced this rite of passage over our careers. It has never been more important to have a Plan B. Employers don't take care of this for you. I too was a middle management bank employee with a post-graduate degree and years... — read more
Most employees are offered other jobs!
People news reporters love to be making news and blowing things out of proportion! Scotiabank will give every opportunity to find you a replacement job when a position is redundant!They are actually hiring advisors and training as we speak! If an... — read more
120 Branches Closed Last Year
It's poor management, Scotiabank on the retail side really does not know what they are doing, our execs are clueless
Maybe we should take an initiative here?
Why not just look for another job instead of waiting for your turn, we all know layoffs will continue? If you are in the back office you are hosed. It is possible you will be laid off eventually or later on down the road, you've only survived that... — read more
Recent layoffs include wealth, securities, insurance, credit cards, IT, call centres, real estate, and most recent HR, Fin, marketing
Layoffs all areas.
Scotiabank Layoffs 2015 and 2016
Many folks are simply shocked, it's hitting the back office support staff the most. I have not anticipated this, Scotiabank was good to me and I hope that I will not be hit this time around. I hear that TD is cutting resources today too, this is not... — read more
More layoffs?
Do you think that Scotiabank will continue to have layoffs in 2015 and 2016. I know that many people are anxious but I can tell you that I feel that the worst is over and that we will not be having any layoffs soon.
Scotiabank layoffs 2015
I hear that we might be spinning off some units and that some shared services and IT functions will be shipped out. Scotiabank used to be a great place to work at but recently things are not working out really well for us, we'll continue to lose... — read more
Outsourcing related downsizing
I think we are somewhat luck here at Scotiabank as we did not suffer much of outsourcing related layoffs. If you look around, most major banks had significant cuts in back office staff, call centers, IT operations, etc. We did let some people go but... — read more