Anyone see the news articles as of today TD is laying off again before the return to work 4 day minimum?? I thought they already laid off the 2% they needed??
8 replies (most recent on top)
@2jr so you worked for Whalen in EKU!
I was previously part of one of the teams referenced below, and in my experience, the structure remains significantly overstaffed. There continues to be considerable inefficiency, and the leadership dynamics within some of these teams are particularly concerning. This is especially true among certain remote managers who rarely engage in person, yet frequently resort to micromanagement, often undermining team morale, appropriating credit for others’ contributions, and appearing disengaged from meaningful work. So glad that I am out of that place.. bye
@1j5 What's OCG and EKU?
Get rid of the change management and OCG teams. Along with the id--ts in EKU, DIAMOND, and NEW.
THEY ADD NOTHING TO THE BOTTOM LINE.
Prove me wrong.
TD is definitely not done yet. The Globe and Mail article was soft messaging that the cuts are not done yet. C suite doesn't care and please don't believe the messaging at the town halls.
I saw the article in the Globe. I was surprised because I heard a rumor that there would be no job cuts until after we go back to the office 4 days a week because Vlad was hoping people would voluntarily quit and the bank wouldn't have to pay severance. I guess 4 days RTO isn't going to happen soon enough for Ray's liking, so he has to do more staff cuts to prop the stock price up.
There are still too many bloated teams with excess resources for the amount of work they get done while the teams that need resources can't get them. Hopefully the layoffs will continue to trim dead weight.
I saw the article in the Globe. I don't think the layoffs are done yet, even though the C suite gives mixed messages about layoffs. By putting this article out, I feel TD is not done yet with the layoffs.