Scotiabank to Cut Jobs in Canadian Banking Unit
Bank of Nova Scotia is cutting jobs across its Canadian banking division to boost long-term profitability.
According to a memo by Aris Bogdaneris, leader of the division, the changes are designed 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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