RBC says it has laid off some employees as part of its “growth strategy.”
Canada’s largest bank says the cuts come amid changes meant to “better position RBC to take advantage of our global scale, simplify how we work and elevate the leaders and talent who will shape our client-focused growth opportunities.”
It says that as part of those changes, the bank had to make “difficult decisions” that resulted in an undisclosed number of staff leaving, while others have seen promotions and expanded responsibilities.
RBC spokesman Jeff Lanthier says the changes are unrelated to RBC’s $13.5-billion acquisition of HSBC’s Canadian operations last year….