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A comment on Scotiabank to Lay Off 3% of Workforce, Take $432M Charge – BNN Bloomberg.

Re:Scotiabank to Lay Off 3% of Workforce, Take $432M Charge ... by ilrwbwrkhv on Wednesday October 18, 2023 @08:46PM (#37936828)
In Canada banks do layoff. Such is the shitshow in the Canadian economy.
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Re:Scotiabank to Lay Off 3% of Workforce, Take $432M Charge ... by alephnerd on Wednesday October 18, 2023 @11:51PM (#37938152)
It's because of the Chinese economy. They had to do a significant writedown because they were overexposed to Bank of Xi'an, whose share price has collapsed 75% from their peak, around which time ScotiaBank began overhiring.
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