Scotiabank to Cut Jobs in Canadian Banking Unit
Bank of Nova Scotia is reducing its workforce in the Canadian banking division to enhance long-term profitability.
According to a memo by Aris Bogdaneris, leader of the division, the changes aim "to prioritize only those activities that drive the most meaningful impact for our business."
"I want to acknowledge that a transformation of this scale is not easy, especially when it means saying goodbye to valued colleagues,"
The number of roles being cut was not specified. Author's summary: Scotiabank cuts jobs for profitability.
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