US EditionManulife cuts 250 jobs in wealth and asset management unit
- Manulife Financial Corp. Has cut 250 jobs in its investment management division, joining other Canadian banks in reducing staff due to economic uncertainty.
- Scotiabank and RBC have also implemented job cuts, with Scotiabank trimming around 3% of its workforce and RBC cutting 1% initially and planning for further reductions.
- Data collected from food banks in Canada reveals a rising level of food insecurity and increasing struggles to pay for basic expenses among Canadians.
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Manulife cuts 250 jobs in investment management division
TORONTO — Manulife Financial Corp. says it has cut 250 jobs globally in its investment management division. The cuts, first reported by trade publication Ignites, include employees in Canada, the United States, the United Kingdom and Asia.
·Bradford West Gwillimbury, Canada
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Leaning Left3Leaning Right3Center4Last UpdatedBias Distribution40% Center
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