Seems a number of cuts are currently happening @ BMO.
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higher than that, more like 5%. this started at the beginning of F2020 (Nov 2019) and got postponed due to covid but started up again in Sept.
Were did you hear the 2.5 % from and is this public?
Yes there are. About 2.5% apparently. Trouble is T&O is so busy that they will have no choice but to hire contractors in India to keep up with the work. Toxic environment right now. 3 people cut in my department of 16.