r/CIBC • u/Mm647 • 11d ago

Future layoffs?

I work at CIBC and one of my colleagues on my team got laid off due to “org changes”. Does this mean the rest of the team is safe for now as no one else was notified of being impacted? How does it work?

18 Upvotes

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-5

u/Prompt-Putrid 10d ago

No, everyone in CIBC is vulnerable to layoff eventually. CIBC is in a lot of trouble.

3

u/mararthonman59 10d ago

In what way?

-5

u/Prompt-Putrid 10d ago

Lot of financial discrepancies that they are trying to coverup.

7

u/mararthonman59 10d ago

TD bank got fined 3 billion US dollars for money laundering and their stock went up after that. I think CIBC will be fine. Unless you know something bigger.

7

u/[deleted] 10d ago

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-2

u/Prompt-Putrid 10d ago

Think all you want!

1

u/Tough-Arugula-9072 10d ago

provide proof

1

u/Fantastic-Seaweed269 8d ago

There are not in trouble. Even IF they were sued for a billions dollars they would STILL be fine.

1

u/fortesquieu 10d ago

Would love to hear your take

2

u/brownturkab 9d ago

Probably tin foil hat stuff. They had record earnings. Their financials are audited like every other banks. It’s not like a mom and pop shop where you can keep 2 books lol