Industry News, Trustworthy Insights

Popular Companies:

RBC Exclusive: 2% Employee-Cutting Plan Explained

Canada’s largest bank, RBC (Royal Bank of Canada), has revealed its plans to reduce its workforce by around 2% in the upcoming quarter. This decision comes as RBC faces increased expenses, which rose by 23% to C$7.86 billion ($5.8 billion) in the third quarter.

RBC's Cost Reduction Strategy: Outside the Bank's Offices as Plans to Cut Staff Are Announced. Photo: Jenn Altop/iStock
RBC’s Cost Reduction Strategy: Outside the Bank’s Offices as Plans to Cut Staff Are Announced. Photo: Jenn Altop/iStock

Industry news used by professionals

Try £4.99 per month

Already a member?
Weekly Digest

All the week’s industry events straight to your inbox.

Before your sign up, please read terms of use and privacy policy.

Trending

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to our terms of use and privacy policy.

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Password Reset

You will soon receive a Reset Password link

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to terms of use and privacy policy.

Send us your article

[formidable id=3]