Thread regarding Royal Bank of Canada layoffs

Royal Bank of Canada Layoffs 2019

Do you think there may be small/medium/large Royal Bank of Canada Layoffs in 2019?

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Post ID: @OP+VTBJ8gU

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There are layoffs... they are just hiding them. Fund admin part downsized 20% and lost 70% of revenue.
"The investor and treasury services division had a 71% decline in earnings to C$45 million after the bank pursued a “repositioning” of the business that included C$83 million in severance costs in the quarter. Royal Bank has pared roles in Europe and reduced its footprint in Australia as part of what McKay called a “quick pivot” into Asia."
https://www.americanbanker.com/articles/rbcs-profits-fall-amid-tough-times-for-investment-banking

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Post ID: @6Zlwn+VTBJ8gU

These are not layoffs. RBC is not hurting financially and continues to earn more than $10B a year in profit. RBC embraces "dumbsizing". 2019 should be no different.

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Post ID: @obnh+VTBJ8gU

why 2019? 2018 there are layoffs galore

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Post ID: @bxlb+VTBJ8gU

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