Thread regarding Toronto-Dominion Bank layoffs

You can't be put on the sidelines for any US bank deals for 3 to 5 years, have to pay huge fines for failed merger deals and regulatory infractions and think that there will be no impact. Unfortunately, it is the lower levels that will lose their jobs as a result. While some will be welcome reductions and hopefully get around the way too onerous process of actually addressing performance issues, some good people will get caught in the crossfire. Maybe they could reconsider the use of expensive consultants in favor of keeping their hard working loyal employees or even consider holding those accountable for the failures that led to the fines but replacing them.