Scotiabank Layoffs 2025 — 2,500 Jobs Cut in Canada
2,500
employees affected
Media Report
Scotiabank is laying off staff across its Canadian banking unit as part of its multiyear strategic turnaround plan launched in late 2023. The restructuring aims to accelerate execution of the refresh and improve efficiency in acquiring primary clients and enhancing digital capabilities.
Key Facts
All Finance & Insurance layoffs →- Announced Date
- October 16, 2025
- Province
- Canada-wide
- Industry
- Finance & Insurance
- Laid Off
- 2,500
- Organization Type
- public
- Source
- News Media
Company Info
All Scotiabank layoffs →- Organization
- Scotiabank
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