Bank of Montreal Layoffs 2026 — 670 Jobs Cut in Canada
670
employees affected
Media Report
Retrospective
Bank of Montreal has reduced its workforce by more than 670 jobs since the third quarter of 2025 — with its Q1 2026 earnings release revealing that it took a $202-million pre-tax severance charge in the quarter.
Key Facts
All Finance & Insurance layoffs →- Announced Date
- February 27, 2026
- Effective Date
- July 1, 2025
- Province
- Canada-wide
- Industry
- Finance & Insurance
- Laid Off
- 670
- Organization Type
- public
- Source
- News Media
Company Info
All Bank of Montreal layoffs →- Organization
- Bank of Montreal
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