Farm Credit Canada

A federal Crown lender is preparing for job cuts, lining up outside counselors to provide “emotional support” to staff as cabinet moves ahead with plans to eliminate 1,000 executive positions across government. The exact number of layoffs is not yet determined. The bank employs about 2,600 people and has sharply expanded its management ranks. The number of six-figure executives at Farm Credit Canada climbed 45% over the past decade, rising from 22 positions to 31.