TD Bank to Lay Off 2% of Workforce in Restructuring

TD Bank to lay off 2% of workforce in restructuring

TD Bank on Thursday said it would lay off 2% of its workforce to cut costs and scale up its digital and AI investments, as the bank restructures following its historic anti-money laundering settlement under new CEO Ray Chun.

TD cutting 2% of work force, beats second-quarter profit estimates

The bank’s CFO said some job cuts were already completed and the rest are expected over the next several quarters

TD Bank to cut 2% of workforce in restructuring

TD Bank posted slightly lower second-quarter profits as it increased its provisions for credit losses , but beat expectations.

TD Bank reports $11.1B Q2 profit boosted by sale of remaining stake in Charles Schwab

TORONTO — TD Bank Group reported a second-quarter profit of $11.1 billion, boosted by the sale of its remaining stake in The Charles Schwab Corp. The bank says the profit amounted to $6.

Canada's TD Bank to cut 2% of workforce

TD bank said Thursday it would cut two per cent of its workforce, or nearly 2,000 employees, as it launched a restructuring

TD Bank’s Restructuring Loss Overshadows Earnings Beat In Q2 2025

TD Bank Group (TSX: TD) reported a staggering 334% year-over-year increase in reported Q2 2025 net income to $11.13 billion, primarily driven by an $8.57 billion after-tax gain from the sale of its remaining stake in Charles Schwab. However, stripped of this one-time windfall, adjusted net income fell 4% to $3.63 billion from $3.79 billion […]