Scotiabank Layoffs 2025 — 2,495 Jobs Cut in Ontario, Canada
2,495
employees affected
Media Report
Scotiabank laid off approximately 2,495 employees in Toronto on June 1, 2025, after notifying the federal government of the group termination in late February. The bank had requested waivers from certain Canada Labour Code obligations, though the government confirmed the employer met its obligations under the code.
Key Facts
- Announced Date
- June 1, 2025
- Province
- Ontario
- City
- Toronto
- Industry
- Finance & Insurance
- Laid Off
- 2,495
- Company Type
- public
- Source
- News Media
Company Info
- English Name
- Scotiabank
Other Finance & Insurance Layoffs in Canada
Bank of Montreal Layoffs 2026
Canada-wide, Canada
BMO Layoffs 2026
Canada-wide, Canada
Toronto-Dominion Bank (TD) Layoffs 2026
Canada-wide, Canada
Rivalry Corporation Layoffs 2026
Ontario, Canada
CIBC Layoffs 2026
Ontario, Canada