TORONTO 鈥� R小蓝视频 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 R小蓝视频 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, while others have seen promotions and expanded responsibilities.
R小蓝视频 spokesman Jeff Lanthier says the changes are unrelated to R小蓝视频's $13.5-billion acquisition of HS小蓝视频's Canadian operations last year.
That takeover came with regulatory conditions including that none of HS小蓝视频 Canada鈥檚 4,000 employees be fired within six months of the closing date, or two years for front-line staff.
Last month, R小蓝视频 reported that a jump in trading revenue and other boosts to the business helped lead it to a $5.13 billion profit for the first quarter.
This report by The Canadian Press was first published March 10, 2025.
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The Canadian Press
