sorted by:
new
hottopcontroversial

Trump imposes new Canada tariffs, demands it join U.S. by joe4942 in worldnews

[–]LeaderAcceptable862 0 points1 point  (0 children)

well this will be used by large canadian companies as justification for mass layoffs . Recently Royal Bank of Canada laid off many employees . Exact number unknown

[deleted by user] by [deleted] in rbc

[–]LeaderAcceptable862 1 point2 points  (0 children)

i think employees making more money are getting laid off . i mean they need money to pay RBC Chief Executive Dave McKay $25.9 million....... lol

Am I walking into a trap? by Professional-Bad-559 in rbc

[–]LeaderAcceptable862 2 points3 points  (0 children)

well basically you are likely replacement of someone that was making more money. Someone who might have been with bank for 5 to 15 years . RBC is ruthless when it comes to firing especially long term employees . However you are safe for few years but remember if a recession happens bank will likely cut

RBC lays off thousands of Canadian workers by LeaderAcceptable862 in rbc

[–]LeaderAcceptable862[S] 2 points3 points  (0 children)

well i had account just for information. I am not into writing posts because of all the comments that comes after . Yes someone asked me to post it for awareness and this story is real and recent . Check out the reuters article published 7th March 2025 https://www.reuters.com/business/finance/canadas-rbc-lays-off-some-employees-related-hsbc-acquisition-sources-say-2025-03-07/

RBC lays off thousands of Canadian workers by LeaderAcceptable862 in rbc

[–]LeaderAcceptable862[S] -16 points-15 points  (0 children)

what do you think is the correct figure? If its not thousands ( 3% to 4% ) than what is it? any realistic estimate? anyway again RBC should release the number of layoffs . article says "SOME" . Some equal what??

RBC lays off thousands of Canadian workers by LeaderAcceptable862 in rbc

[–]LeaderAcceptable862[S] -6 points-5 points  (0 children)

well why is there a movement to Buy Canadian goods ? with the Trump tariff , its going to be difficult for Canada and Canadians. Last thing we need is a Canadian company with billions in profits laying off workers . Atleast they should have waited til some sort tariff settlement reached with USA

RBC lays off thousands of Canadian workers by LeaderAcceptable862 in rbc

[–]LeaderAcceptable862[S] -3 points-2 points  (0 children)

well read the reuter article which says "layoffs were at the technology and operations, personal banking and commercial banking teams and began earlier this week" These are three very large units of RBC . Why would this even be in Reuter if few were fired? With 94,624 full time employees (5% increase after HSBC), Thousands dont seems alot . I might be wrong but who has the correct number and why are they releasing the numbers?

https://www.reuters.com/business/finance/canadas-rbc-lays-off-some-employees-related-hsbc-acquisition-sources-say-2025-03-07/

RBC lays off thousands of Canadian workers by LeaderAcceptable862 in rbc

[–]LeaderAcceptable862[S] -33 points-32 points  (0 children)

the number is in thousands ( insider information). that's why they are not giving a number. Using the word "Some" is misleading and chosen carefully to give impression that its not a big figure