05.23.25
TD Bank To Lay Off 2% of Workforce in Restructuring
by: Nivedita Balu; Arasu Kannagi Basil
TD Bank will lay off 2% of its workforce to cut costs and scale up its digital and AI investments, as the bank restructures under new CEO Ray Chun. The restructuring follows TD's anti-money laundering settlement in the United States that lead to several changes, including a new CEO. TD did not say if the layoffs were predominantly in the United States or Canada.
Read the full article on Reuters