RBC cuts undisclosed number of staff amid 'growth strategy'

RBC Cuts Undisclosed Number of Staff Amid ‘Growth Strategy’

RBC says it has laid off some employees as part of its “growth strategy.” Canada’s largest bank says the cuts come amid changes meant to “better position RBC to take advantage of our global scale, simplify how we work and elevate the leaders and talent who will shape our client-focused growth opportunities.” It says that as part of those changes, the bank had to make “difficult decisions” that resulted in an undisclosed number of staff leaving, …

Royal Bank of Canada cuts undisclosed number of staff amid 'growth strategy'

An RBC spokesman says the changes are unrelated to the bank's $13.5-billion acquisition of HSBC's Canadian operations last year. Read on.

RBC cuts undisclosed number of staff amid 'growth strategy'

RBC Cuts Jobs in Reorganization Ahead of New ‘Growth Strategy’

Royal Bank of Canada (TSX: RY) has laid off employees across multiple divisions as part of a broader reorganization, according to sources and a statement from the bank. Canada’s largest lender has cut positions in technology and operations, as well as in its recently separated personal and commercial banking units, according to a source familiar with the matter. “We have promoted a number of colleagues, expanded responsibilities and made stronge…

'Next phase of growth': RBC trims workforce to kick off March

The latest round of job cuts at the bank reportedly affected a variety of departments, including technology and operations.

RBC reportedly lays off employees after restructuring

Royal Bank of Canada (RBC) has laid off employees following a reorganisation of its business segments, reported Reuters.