Things are not improving - rumors are flying - and we might see job cuts in Toronto.
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Topics regarding layoffs at Toronto-Dominion Bank
TD layoffs more than 500 employees from may to august 2017. My position was eliminated on the name of organizational changes. Can anybody confirm this? If it's true, the original poster is right, this was done very stealthily and with no media... read more
TD again started laying off staff after hefty bonuses to executives. In 2017 , TD is targeting more and more staff cuts on the name of organizational changes . Really annoying and stressed.
It's all OK when it comes to executive bonuses, but at the same time there are many gossips and rumors about layoffs in Toronto.
This year, Mr. Masrani’s first full year as CEO, he has been cutting substantial costs at TD and redirecting financial resources, even as profit at the bank rose above $8-billion in fiscal 2015. TD cut its payroll by about 1,600 jobs, or 1.9 per cent... read more
Many layoffs in London ON occurring this week... 10-20 at least and probably many more. Making tons of money but need to cut costs to continue to make even more.
Regional and statewide behind closed door meetings at high levels portend some announcements coming soon......
In addition to the deep cuts to high paying jobs in technology units, word now trickling out about cuts in HR, Regional Branch Operations, and call centre staff as TD continues layoff by stealth.
Maine ATM Settlement team is being eliminated completely, management from several other areas has been let go as well. No concrete number of losses at this time as the company is not being transparent.
Scores of full time employees laid on May 20th in Toronto, Mississauga, and London Ontario. Project Management and Quality Assurance where main job areas impacted - seemed to be a focus on shedding full time staff and retaining contractors.
On April 14 large number of TD Wealth Technology employees at Toronto office received lay off notices. This is driven by business reorganization and improving efficiencies. CIO of TD Wealth is Tim Clark.
Many Canadian banks are very risky and we'll see what happens in 2015, let's hope things remain to be stable. I hope all works out for us.
2014 will be the key year for TD - I do not know how deep the cuts will be but I sure do know they are coming