Wealth Professional
wealthprofessional.ca › industry news › why bank layoffs may set stage for strong 2024
Why bank layoffs may set stage for strong 2024 | Wealth Professional
October 20, 2023 - Large-scale layoffs at Scotiabank and Desjardins hit the news this week, following expense management noise and headcount cuts from other major banks earlier in the year. The sector is cutting in a tough operating environment.
Forbes
forbes.com › sites › jackkelly › 2024 › 09 › 03 › goldman-sachs-plans-to-lay-off-around-1300-employees
Goldman Sachs Plans To Lay Off Around 1,300 Employees
September 12, 2024 - Photographer: Cyril Marcilhacy/Bloomberg© 2024 Bloomberg Finance LP · Goldman Sachs has begun culling workers, and will continue the ongoing job cuts through fall as part of its annual review process, according to the Wall Street Journal.
Videos
28:58
Citigroup Fires 23,000 Workers as Banks Start To COLLAPSE - YouTube
22:18
200,000 Workers Are Fired From Banking - NO MORE JOBS LEFT - YouTube
25:53
Big Banks Are Firing THOUSANDS of Workers - Wall Street MASS LAYOFFS ...
03:35
Five big banks cut a combined 20,000 jobs in 2023
00:27
BMO, formerly Bank of the West, announces more Omaha layoffs
Watch Citigroup Plans Job Cuts as Bank Is Restructured - Bloomberg
Reuters
reuters.com › business › finance › us-banking-giants-shed-over-17000-employees-turbulent-year-2024-01-12
US banking giants shed over 17,000 employees in turbulent year | Reuters
January 12, 2024 - As of September end, they had cut over 4,300 jobs versus last year. Earlier in 2023, Goldman Sachs undertook its biggest round of layoffs since the global financial crisis of 2008.
American Banker
americanbanker.com › list › banking-credit-union-fintech-industry-layoffs-2024
Banking, credit union, fintech industry layoffs: 2024 | American Banker
September 8, 2024 - The cuts would affect about 10% of the unit's 485 staffers in the U.K. Read more: Citigroup weighs cutting 10% of wealth employees in London · Virgin Money has cut about 150 jobs and 39 branches thus far in 2024 and plans further reductions ...
Reddit
reddit.com › r/askto › td bank layoffs - q4 2024
TD Bank layoffs - Q4 2024 : r/askTO
June 22, 2024 - There are no layoffs currently ongoing. ... It’s because TD in USA has been hit with a 32 billion dollar settlement agreement. The Feds caught TD doing massive money laundering. To avoid jail time the company agreed to a 32 billion dollar settlement. It’s going to very painful for people ...
CNBC
cnbc.com › 2023 › 10 › 19 › big-banks-cut-thousands-of-jobs-more-layoffs-coming.html
Big banks are quietly cutting thousands of employees, and more layoffs are coming
October 19, 2023 - "Attrition has remained low, which will likely result in additional severance expense for actions in 2024." Meanwhile, after several rounds of cuts in the past year, Goldman executives said that they had "right-sized" the bank and don't expect ...
Banking Dive
bankingdive.com › news › running-list-fintech-layoffs-2024 › 721313
A running list of fintech layoffs in 2024 | Banking Dive
August 9, 2024 - The cuts align with previous commentary from Dorsey, who, according to a separate Business Insider report, told employees last year to expect a 10% cut in headcount after its workforce grew faster than its business.
MoneySense
moneysense.ca › home › articles › these companies have laid off canadian workers in 2024
These companies have laid off Canadian workers in 2024 - MoneySense
December 5, 2024 - To help you find the best financial ... banks, credit unions and card issuers. Learn more about our advertising and trusted partners. These are some of the companies which have so far laid off Canadian workers in 2024: BCE Inc.: The Montreal-based telecommunications giant said on Feb. 8 it was cutting 4,800 jobs “at all levels of the company,” although some of the job losses were to come from vacancies and natural attrition rather than layoffs...
Reddit
reddit.com › r/askto › job market & layoffs 2024
r/askTO on Reddit: Job Market & Layoffs 2024
September 29, 2023 -
I work for one of the big 5 Banks and have heard about layoffs that have been happening recently in banks and across many other industries too. It's only been a month of 2024, so I assume this is only the start? It's kind of scary to think about making a good income, and then having close to no income, and job searching in this really bad job market.
Does anyone else know about any layoffs happening? If so, what industries/roles/departments? What are your backup plans?
Top answer 1 of 42
148
At a big 5 as well. BMO and RBC did their big cuts last year before bonus season. Not sure what else is coming down. It all depends which space you are in but if feeling nervous add insurance to any debt and build your emergency savings fund. May the odds be in your favor.
2 of 42
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Just got laid off this afternoon! 🤌🏻😮💨
Reddit
reddit.com › r/financialcareers › are big any of the big 4 banks doing layoffs lately
Are big any of the big 4 banks doing layoffs lately : r/FinancialCareers
September 22, 2023 - List of ‘23 & ‘24 layoff’s: Ebay cuts 1,000 jobs. Unity 1,800 Way fair 1,700 Google 30,000 Groupon 500 PayPal 2,000 Microsoft 10,000 Amazon 18,000 Sales force 7,000 UBS 13,000 Wells Fargo 12,000 Citibank 20,000 Bank of America 4,000 Morgan Stanley 4,800 Mearsk 10,000 Macys 2,300 Tata steel.
Employeelawyer
employeelawyer.ca › bank-layoffs.html
Canadian Bank Layoffs - What Employees Need to Know
Multiple reports have indicated that Canadian banks are looking to layoff thousands of employees as a result of over-hiring and cost-cutting strategies, suggesting that those laid off bank employees will not be finding a new bank job anytime soon.
Kalshi
kalshi.com › markets › kxbigbanklayoff › big-banks-layoffs
Which big banks will do layoffs in 2024? | Trade on Kalshi
Track what Kalshi's markets predict for "Which big banks will do layoffs in 2024?", or trade it yourself.
CBC News
cbc.ca › news › business › bank-earnings-1.7044654
Big banks announce layoffs and more bad loans as TD, Royal and CIBC post quarterly results | CBC News
November 30, 2023 - The bank said in filings it plans to cut its its current full-time work force by about three per cent. In TD's case, that works out to just over 3,000 people. In a presentation to investors, CIBC said it has cut as much of five per cent of its ...
Vlaad and Company
vlaadco.com › media-room-list › wave-of-job-cuts-probably-just-the-beginning-at-canadian-banks
Wave of job cuts 'probably just the beginning' at Canadian banks - Vlaad and Company
November 1, 2023 - Canadian banks have resumed cutting jobs after a three-year hiatus, with lenders and investment banks so far dismissing at least 6,000 workers, and analysts predicting more to come as revenue remains under pressure.
Fast Company
fastcompany.com › home › news › 2024 layoffs: citigroup announces it will cut 20,000 jobs as banks report lower q4 profits
2024 Layoffs: Citigroup announces it will cut 20,000 jobs as banks report lower Q4 profits
January 12, 2024 - Citigroup announces it will cut 20,000 jobs as banks report lower Q4 profits. Despite all this, the banks had a mostly strong 2023.
ConsumerCoverage
consumercoverage.com › home › blog › economy › how economic trends impact bank employee layoffs
How Economic Trends Impact Bank Employee Layoffs
August 20, 2024 - According to Forbes’ 2023 Layoff ... Valley Bank employees in the commercial banking business. Wells Fargo laid off 100 employees in two September layoff rounds, then laid off another 100 Florida employees....
Intellizence |
intellizence.com › home › insights › layoff/downsizing › companies that announced major layoffs and hiring freezes
Top Companies that Announced Major Layoffs & Hiring Freezes-2024-25
2 days ago - The move comes after Cerberus acquired the French retail bank from HSBC in early 2024 to return the bank to sustainable growth. No. of Employees to be Laid off: 1000 ... Belgian personal hygiene group Ontex plans to close its factory in Eeklo, resulting in the loss of around 350 jobs. The layoffs are a part of its strategic transformation to strengthen its competitive position in the European market.
TheLayoff
thelayoff.com › t › 1t6y8qq1
Layoffs Nov/Dec 2024 - post regarding Bank of America layoffs
June 19, 2024 - Ever. ... Multiple teams were let go on 11/14; I heard roughly 500 people in total were affected. The majority of the team had been here for 5-6 years, and others for 20-25 years.
Integrity Research
integrity-research.com › home › wall street jobs outlook deteriorates in august 2024
Wall Street Jobs Outlook Deteriorates in August 2024 • Integrity Research
September 9, 2024 - A Wall Street Journal report recently said that the Goldman layoffs have already begun, will continue through the fall, and may impact more than 1300 employees, or 3% to 4% of the bank’s workforce.
S&P Global
spglobal.com › marketintelligence › en › news-insights › latest-news-headlines › global-investment-banking-job-cuts-to-ease-amid-2024-revenue-rebound-83330215
Global investment banking job cuts to ease amid 2024 revenue rebound | S&P Global Market Intelligence
While job cuts continued into 2024, they are expected to slow later this year as revenues rebound. "The cost constraints are always there, but I don't think at the moment the cost cutting is coming from firing papers," said Eric Li, head of ...