RBC eliminates 30 executive roles, part of 2024 restructuring

What’s going on at RBC?

Royal Bank of Canada (RBC), the country’s largest bank, has reportedly laid off approximately 30 senior executives since September as part of an ongoing restructuring effort.

“The changes we’ve made better position RBC to take advantage of our global scale,” Jeff Lanthier, the bank’s director of media relations, told The Logic in an emailed statement.

While Lanthier declined to provide more details on the job cuts, he said other staff members have been promoted and given expanded mandates.

The restructuring comes just months after RBC completed its $13.5-billion acquisition of HSBC Bank’s Canadian operations in March.

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