Royal Bank of Canada Layoffs

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Topics regarding layoffs at Royal Bank of Canada

Royal Bank of Canada Layoffs 2018

I thought that we were safe (oh, well - wrong), even tough many competitors were cutting people, do you think we'll cut here in Toronto.
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302 views | no replies

50% layoffs incoming

Massive layoffs (>50%) coming to TD/RBC/BMO/Scotia/National/HomeTrust/CMHC/Canada Gurantee/SunLife/AmericanExpress (Project Managers, Senior Managers, Directors, Senior Directors, VPs, Senior VPs). HUGE Cost Cutting because of Automation + dwindling... read more
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713 views | 1 reply ()

RBC severance pay

How was the severance pay. Disclosure: I worked for a competitor and want to compare my severance
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1059 views | 1 reply ()

Contractor layoffs

Unfortunately contractor's being laidoff never count in banks layoff numbers. It's always the number of Employees (FTE's) being laidoff because of department consolidations and redundant jobs are being eliminated. E.g just like when two companies... read more
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814 views | 1 reply ()

With current management, expect more layoffs

Not surprised that RBC is letting go of more workers rather than fixing its management issues. Management at the bank never really cared about having their workers better themselves professionally, or heavens forbid think for themselves. At least it... read more
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1140 views | 1 reply ()

Yes, layoffs are happening at RBC

Things will get worse. I see that all companies have thriving boards here on layoffs dot com but no discussions here even though I see discussion threads with 100s or 1000s of views. Why are RBC so silent - fear? Yep, that's the culture here at RBC... read more
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1380 views | 2 replies (last )

What a surprise, Royal Bank is at it again

I am truly sorry to hear about the latest layoffs. I don't want to pour salt on the wound, but I have seen this before. Several years ago they fired a number of New York folks and moved those jobs to Canada for money saving purposes. There was no... read more
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1040 views | 2 replies (last )

How do they do it?

Walking in blind here, never been laid off before. Have a gut feeling I would not dodge the bullet this time. Does anyone know how they actually do it? How they notify you, who is there? What exactly do they tell you? How long does it take? Do they... read more
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1086 views | 4 replies (last )

Is this just a start?

Buckle up, it started already. The only question is are all the RBC layoffs going to be focused on headquarters only, or should those of us working in branches also start packing... read more
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1180 views | 3 replies (last )

Legal Department Layoffs

Have a friend who lost his job after 10 years at RBC in the Legal department... I hope their severance is generous. Summer is always a tough time to find a new gig...
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1138 views | 4 replies (last )

RBC digital layoffs

Today they decimated the User Experience team. The online people who care about customers. Also a ton of IT people. Not sure if that means India inherits a bunch of jobs. I'm sickened.
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1260 views | 3 replies (last )

Royal Bank of Canada Layoffs 2017

No layoffs, yes layoffs??? Gossip… Rumors? What's correct, there is a ton of rumors about layoffs here in Toronto.
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1401 views | 1 reply ()

2014 will be brutal

we had over 1000 people let go this year, next year will be even worse. many departments got affected, i am with it and we got hit big time. RBC used to be a great place to work at but nowdays everyone is scared and people are trying to figure out... read more
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1233 views | 1 reply ()

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