Featured
article
- Get link
- X
- Other Apps
TD Bank Cuts Jobs, Pushes Back Office Return for Some Staff
Toronto-Dominion Bank (TD) is moving ahead with job cuts while also delaying its return-to-office mandate for certain employees. The lender confirmed it will reduce its workforce by about 2%, part of a broader cost-cutting strategy following regulatory challenges tied to anti-money-laundering compliance.
The layoffs affect multiple divisions, including risk management, direct investing, and corporate functions. While executives have already transitioned to a four-day in-office schedule, non-executive staff will see a staggered rollout, with some teams not required to return until early 2026.
A TD spokesperson said the bank remains committed to increasing in-person collaboration but is phasing in the mandate to balance operational needs with employee transitions. The move comes as Canada’s second-largest bank continues to streamline operations amid heightened scrutiny and restructuring efforts.
Popular Posts
Trump's Six Words: "I'm Going to Stop the Wars"
- Get link
- X
- Other Apps
Smart Savings for a Sharp School Start: Canadian Parents’ 2025 Guide
- Get link
- X
- Other Apps
Comments
Post a Comment