Thread regarding Bank of Montreal layoffs

2020 layoffs

Just got laid off from BMO, was working from home and they refused to provide a box for me to ship my laptop back to them, can you believe it? The layoffs are apparently to cut costs due to the bloat and inefficiency of the company but you can bank on the fact they'll end the year with record profits, or close to it as always. Tons of layoffs in the area that I worked in, apparently morale is pretty bad. Kids out there, DO NOT work for a bank if you can help it, it will crush your soul!

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Post ID: @OP+17F23DbG

3 replies (most recent on top)

It’s called a “world wide pandemic “. Millions of people lost their jobs, and their businesses.

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Post ID: @4Zpoz+17F23DbG

The criminals that run BMO have no shame! The bank just had a record profit - a 30% increase from last year and the crook CEO Daryl White is still laying off people. Shame on these folks! Some of the worst managers you could ever find are at BMO. Some of them can literally get away with murder!

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Post ID: @yqfn+17F23DbG

The cuts at Scotiabank are worst. Contract staff were forced to take 35-45% cuts in their rates and have 21 furlough days, and 4 down-time days (same thing but additional days). FTEs will be cut in the new year, the cuts are expected to be deep.

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Post ID: @cjhv+17F23DbG

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