TSX:BNSBanks
What Bank of Nova Scotia (TSX:BNS)'s 3,000-Job Cut and Market Refocus Means For Shareholders
In late 2025, Bank of Nova Scotia cut at least 3,000 jobs as part of a restructuring program, mainly in areas with limited growth prospects, while refocusing on its core markets in Mexico, the U.S., and Canada.
Despite taking a restructuring charge, the bank reported higher-than-expected profits in its global banking and markets business, highlighting efficiency gains from its realignment efforts.
We’ll now examine how this restructuring, particularly the large workforce reduction in...