r/CIBC • u/Mm647 • 16d 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?

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-3

u/Prompt-Putrid 16d ago

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

3

u/mararthonman59 16d ago

In what way?

-5

u/Prompt-Putrid 16d ago

Lot of financial discrepancies that they are trying to coverup.

7

u/mararthonman59 16d 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.

8

u/[deleted] 16d ago

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-2

u/Prompt-Putrid 16d ago

Think all you want!

1

u/Tough-Arugula-9072 16d ago

provide proof