Scotiabank to cut jobs across its Canadian banking unit - CMT News

Scotiabank to Cut Jobs in Canadian Banking Unit

Bank of Nova Scotia is cutting jobs in its Canadian banking division to boost long-term profitability.

Changes at the bank announced “over the last few weeks” are designed “to prioritize only those activities that drive the most meaningful impact for our business,”

said Aris Bogdaneris, leader of the division, in a memo to staff. Bogdaneris acknowledged the difficulty of the transformation, especially when it means saying goodbye to valued colleagues, but did not specify the number of roles being cut.

Author's summary: Scotiabank cuts jobs for profitability.

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