TD Bank Slashing Staff, Staggering 4-Day Return-to-Office Mandate

What’s Happening at TD Bank?

Toronto-Dominion (TD) Bank is scaling back its staffing levels as part of an ongoing restructuring.

Sources told The Globe and Mail that the job losses affect several divisions, including direct investing, risk management, and corporate functions.

In addition to the workforce reduction, some of the bank’s teams won’t return to the office on a more full-time basis until early 2026.

“We continue to progress with our plans to increase the amount of time colleagues are spending together in-person, in line with our previously announced plans to adopt a four-day, in-office model,” spokesperson Meghan Thomas said in an email.

“Our executives have already moved into this model and starting in November, non-executive colleagues will return to a four-day minimum, with some phased in transitions by region or business.”

In May, Canada’s second-largest lender announced plans to reduce its workforce by approximately 2%.

SEE ALSO
• TD Bank Ramping Up In-Office Work for Certain Staffers in October
• Layoffs in Canada: Which Employers are Slashing Staff?

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Lost Your Job? Get Help Now

📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.

Our experienced employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.

If you’ve lost your job at TD Bank for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.

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