Scotiabank Layoffs 2025 — 2,495 Jobs Cut in Ontario, Canada
2,495
employees affected
Media Report
Scotiabank laid off approximately 2,495 employees in Toronto on June 1, 2025, after notifying the federal government of the group termination in late February. The bank had requested waivers from certain Canada Labour Code obligations, though the government confirmed the employer met its obligations under the code.
Key Facts
All Finance & Insurance layoffs →- Announced Date
- June 1, 2025
- Province
- Ontario
- City
- Toronto
- Industry
- Finance & Insurance
- Laid Off
- 2,495
- Organization Type
- public
- Source
- News Media
Company Info
All Scotiabank layoffs →- Organization
- Scotiabank
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