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 previous rates).
Contractors must take 20 furlough days which are officially published and given to the contractors via their agencies. They also added 4 "down-time days" that were not officially communicated via the agencies but the manager they report to at the bank.
Some managers are so disorganized and lack respect for their contractors at the 12 hour (on the day of the downtime that they have to take two days off unpaid). It shows a lack of respect regardless of FTE or contractor. Blaming problems on Outlook or using the "scramble scramble" (which basically means the director is disorganized) is not respectful.
Expect deep cuts for contractors in fiscal year 2020.