Scotiabank Layoffs 2025 — 2,500 Jobs Cut in National, Canada

2,500

employees affected

Media Report

Scotiabank is laying off staff across its Canadian banking unit as part of its multiyear strategic turnaround plan launched in late 2023. The restructuring aims to accelerate execution of the refresh and improve efficiency in acquiring primary clients and enhancing digital capabilities.

Key Facts

Announced Date: October 16, 2025
Province: National
Industry: Finance & Insurance
Laid Off: 2,500
Company Type: public
Source: News Media

Company Info

English Name: Scotiabank

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Raw Data (8 source articles)

Scotiabank Layoffs: What They Mean for the Banking Industry and Canadian Workforce

vocal.media·Oct 17, 2025

Scotiabank cutting jobs in efficiency push

CTV News·Oct 17, 2025

Scotiabank lays off staff across Canada as it streamlines costs

The Globe and Mail·Oct 16, 2025

Scotiabank Confirms 2,500+ Job Cuts Across Canada, Part of Major Restructuring

Samfiru Tumarkin LLP·Oct 21, 2025

Scotiabank Layoffs: Understanding the Reasons Behind Job Cuts and Their Wider Impact

vocal.media·Oct 18, 2025

Scotiabank to lay off more staff across Canada

mpamag.com·Oct 17, 2025

Scotiabank restructures, employees laid off across Canada. Here’s what you should know

Inside Halton·Oct 17, 2025

Scotiabank is laying off employees across departments

Yahoo! Finance Canada·Oct 17, 2025