-- Royal Bank of Canada laid off some employees due changes to its business segments following the 13.5 billion Canadian dollars ($9.4 billion) acquisition last year of HSBC's Canadian assets, Reuters reports, citing two unnamed people with knowledge of the jobs cuts.
-- Some of the layoffs were from the bank's technology and operations teams and began earlier in the week, Reuters says.
-- The report says it was unclear how many employees were affected or if layoffs would continue, according to Reuters.
Full article: https://www.reuters.com/business/finance/canadas-rbc-lays-off-some-employees-related-hsbc-acquisition-sources-say-2025-03-07/
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
March 07, 2025 13:35 ET (18:35 GMT)
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