Layoffs Canada

Toronto-Dominion Bank (TD) Layoffs 2026 — 3,000 Jobs Cut in Canada

~3,000
employees affected
Media Report
Retrospective

TD Bank announced a 3% workforce reduction as part of restructuring efforts to boost productivity and minimize real estate investments. The layoffs were announced in December 2025, revised from an earlier 2% reduction proposed in May 2025.

Announced Date
February 26, 2026
Effective Date
December 1, 2025
Province
Canada-wide
City
Toronto
Industry
Finance & Insurance
Laid Off
~3,000 (Estimated headcount)
Percentage
3%
Organization Type
public
Source
News Media
Organization
Toronto-Dominion Bank (TD)

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Sources (2 articles)

TD Layoffs: What Employees Should Know About Job Cuts

Samfiru Tumarkin LLP·Feb 5, 2026

TD Bank Reports 45% Surge in First-Quarter Profit, Exceeding Analysts’ Expectations

SSBCrack News·Feb 26, 2026