TD Bank Layoffs and Return-to-Office Changes
Toronto-Dominion Bank (TD) is laying off staff and adjusting its return-to-office schedule for some workers as part of its cost-cutting efforts.
In May, the bank announced a 2% reduction in its workforce due to severe U.S. anti-money-laundering penalties.
- Job losses affect several divisions, including:
- Direct investing
- Risk management
- Corporate functions
The bank is taking these measures to address remediation efforts related to its anti-money-laundering failings.
The bank has been identifying opportunities to expand its businesses after U.S. regulators and law enforcement levied severe and costly penalties.
Author's summary: TD Bank reduces workforce by 2% due to anti-money-laundering penalties.
More News
- JUST IN: Kelly Olynyk has been waived by the San Antonio Spurs
- Kelly Osbourne — Instagram Snapshot
- Kelly Vedovelli révèle sa vie amoureuse
- Pelicans' Questionable Offseason Trade Looks Better After Saddiq Bey's Rise
- F1 2026 : Lancements, livrées et premiers indices d'une révolution en piste
- Kelly Massol : « J’ai réalisé 40% de mon ambition »
- How to watch Islanders vs. Lightning: TV channel and streaming options for December 6
- Lando Norris wins his first F1 title despite Max Verstappen victory: Live updates and reaction
- Jay Kelly cast guide: All on which characters George Clooney, Adam Sandler and Laura Dern play in the film
- Spurs' Kelly Olynyk: Ongoing Decline in Playing Time and Role