Laurentian Bank Layoffs 2025 — 700 Jobs Cut in Quebec, Canada
700
employees affected
Media Report
Laurentian Bank of Canada announced the sale of its operations after 179 years in business, with approximately 700 of its 2,800 employees to be laid off as all 58 Quebec branches are closed. The bank's commercial operations are being sold to Fairstone Bank of Canada while retail and small business portfolios go to National Bank of Canada.
Key Facts
- Announced Date
- December 3, 2025
- Province
- Quebec
- City
- Montreal
- Industry
- Finance & Insurance
- Laid Off
- 700
- Percentage
- 25%
- Company Type
- public
- Source
- News Media
Company Info
- English Name
- Laurentian Bank
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