Thread regarding Royal Bank of Canada layoffs

RBC to cut about 450 jobs from head office locations in GTA

RBC Bank's layoff of 450 are contractors from their digitization of operations

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Unfortunately contractor's being laidoff never count in banks layoff numbers. It's always the number of Employees (FTE's) being laidoff because of department consolidations and redundant jobs are being eliminated.

E.g just like when two companies merge the redundant jobs of Employees are eliminated similarly when departments consolidate overlapping jobs like Managers, Senior Managers, Directors, Sr. Directors, VP's etc need to be eliminated to help redirect the same cost to invest in technology and innovation.

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