Thread regarding Toronto-Dominion Bank layoffs

Laid Offs due to "Banking For the Future"

TD in the US were talking about Banking For the Future, which is more digital and less roles in general. If it wasn't for Covid they would already done this. Yesterday they finalized changes in the Loan Servicing side in the US, which a decent amount of people got hit with their 60 day notices. At least in this world (Loan Servicing) we were told to expect more.

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Post ID: @OP+190OnQ2d

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US Phone Channel got hit. High senior positions eliminated.

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Post ID: @1gtp+190OnQ2d

Also here from Loan Servicing as well. My teammates didn't get the notice, but my boss did. They said changes in effect Feb 1st but not finalized until March.

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Post ID: @1ato+190OnQ2d

IT got hit hard as well yesterday. At least 50 let go. Some very senior.

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Post ID: @wlu+190OnQ2d

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