It doesn’t look good when a large bank, that has made a few BILLION dollars in profit this year, begins laying off numerous employees.
A source has informed Reuters that TD Bank has started handing out pink slips to hundreds of staff in Canada and the United States as part of a campaign to cut costs.
Boston Consulting Group has allegedly been hired to find “efficiencies”, that corporate buzz word that everybody loves to hate.
Cuts were made last week, with more to come this week and next. Staff include retail, investment banking, and support staff.
Read more HERE.