CIBC Layoffs 2026 — 500 Jobs Cut in Ontario, Canada
500
employees affected
Media Report
Retrospective
In May 2025, CIBC eliminated more than 500 positions at its credit card call centre in Toronto as part of an operational restructuring. The cuts were tied to efforts to streamline operations and improve efficiency within the bank’s credit card services division.
Key Facts
- Announced Date
- February 5, 2026
- Effective Date
- May 1, 2025
- Province
- Ontario
- Industry
- Finance & Insurance
- Laid Off
- 500
- Company Type
- public
- Source
- News Media
Company Info
- English Name
- CIBC
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