ROYAL BANK OF CANADA CUTTING JOBS! IS YOUR JOB SAFE DURING THESE CHALLENGING ECONOMIC TIMES?
Thursday Sep 28th, 2023
Royal Bank of Canada is cutting jobs in its capital markets operations, part of broader reductions announced in August that maybe more than 1,000 positions hoping to help the bank deal with a challenging economic times.
Canada’s largest bank last month said it plans to cut as much as 2% of its full-time equivalent staff in the coming quarter after a surge in expenses weighed on third-quarter results. Non-interest expenses climbed 23% to CA$7.86 billion for the fiscal third quarter, compared with the CA$7.31 billion average of analysts’ estimates compiled by Bloomberg.