TD Bank Group cutting 3,100 jobs

PBN Staff

12/04/2023

2 North Washington St. (1960) OWNER: Banknorth N.A. TENANT: TD Bank — TD BANK GROUP is cutting 3% of its workforce, around 3,100 employees, as part of a restructuring plan that is expected to save the company $400 million in fiscal 2024. Above is a bank branch at 2 N. Washington St. in North Attleboro. /PBN FILE PHOTO

PROVIDENCE – TD Bank Group is cutting approximately 3,100 jobs, accounting for 3% of its workforce, as part of a restructuring plan expected to save the company $400 million in fiscal 2024. The Toronto-based financial services company said in its fourth-quarter earnings report Nov. 30 that the job reductions will contribute to a $363 million

Already a Subscriber? Log in

To Continue Reading This Article

Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.

Learn More and Become a Subscriber