Canada’s top banks are shedding workers for the second straight year. The move supports the goal of moving toward leaner operations to satisfy investors demanding returns on tens of billions of dollars that lenders have poured into new technologies. Five of Canada’s six biggest banks cut their workforces 4.4% from a year earlier to a combined total of 291,409 full-time equivalent employees as of Jan. 31. That is down 5.2% from a peak in the third quarter of 2019.
See "Canadian Banks Shrink Workforces", Nichola Saminather , Reuters, April 7, 2021