Layoff number is not just 450. But in thousands from business staff and business support staff across the board.
Nothing personal but the overall banking business is changing because of disruptive technologies, cloud, automation etc. The banks have to survive in this changing market and they have no alternative except to let go off people. Banks like TD, Scotia, RBC, BMO, HomeTrust etc. will soon give the same news in more and more numbers. Folks the market itself is changing and the banks are forced to change, again its nothing personal.