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 Aris Bogdaneris, who leads the division, changes are designed
to prioritize only those activities that drive the most meaningful impact for our business.
Bogdaneris acknowledged that
a transformation of this scale is not easy, especially when it means saying goodbye to valued colleagues, but didn't specify the number of roles being cut.
Author's summary: Scotiabank cuts jobs for profitability.