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Banking & Finance · Canada

Scotiabank layoffs

We've tracked one Scotiabank layoff, in Oct 2023, affecting 2,700 people. None of these cuts were publicly blamed on AI. Headcounts are what was reported at the time, and some may have changed since.

People affected

3K

Across tracked announcements

Announcements

1

Oct 2023 → Oct 2023

AI-attributed

0%

Of affected people

Every tracked announcement

  1. −2,700(3% of workforce)

    Scotiabank cut about 3 percent of its global workforce, citing digitization, automation and changing customer preferences.

    About the figure: The bank cited digitization and automation among the reasons, not artificial intelligence specifically.

    Source: Advisor.ca

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Part of the WorkforceSignal company directory, every event curated from public reporting with conservative AI attribution. See methodology.