Banks Lay-Offs: Hope Our Money is Safe? 

Scotiabank is cutting 3% (3,000) of its employees and Desjardins is cutting 400 employees all due to the economic slowdown.

One wonders whether this trend could transform into something else as the economy continues to get worse. 

Someone please confirm to me if my money is safe.

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7 months ago

Far from that. Part of that prevention is the layoffs you see. We can only expect more layoffs from other banks. Your money is safe Jay.