Scotiabank (Bank of Nova Scotia) Layoffs 2025 — 2,291 Jobs Cut in National, Canada
2,291
employees affected
Media Report
Scotiabank reported a $373-million restructuring charge in Q4 2025 related to job cuts that resulted in 2,291 fewer employees by the end of the fourth quarter compared to the first quarter. The bank stated that these actions were undertaken to simplify operations and free up capacity to invest in technology and revenue-generating sales staff.
Key Facts
- Announced Date
- December 2, 2025
- Province
- National
- Industry
- Finance & Insurance
- Laid Off
- 2,291
- Company Type
- public
- Source
- News Media
Company Info
- English Name
- Scotiabank (Bank of Nova Scotia)
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