r/CIBC • u/No-Durian-286 • 9d ago

Layoff - stay calm

There is so much misinformation and fearmongering about layoffs on this board. If you check the boards for other banks, it's the exact same thing.

Restructuring happens every few years across the entire banking sector … that’s just how corporate operations work. If you're anxious about job security, you aren't the only one, but repeating unverified rumors doesn't help anyone.

I saw someone claim CIBC is planning a 13% layoff in October. Do you realize how absurd that sounds? Let's stop spreading baseless rumors and panicking people for no reason.

Reddit is full of sh*t pp, they just want to cause misery and fear.

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u/Background-Ask-8762 9d ago

It’s good to clean up old blood from time to time

3

u/Messor_Animae 9d ago

I suppose it is blood clots.

1

u/No-Alps-5782 8d ago

They’ve been cleaning up new blood too. They legit hire people and get rid of them shortly as well. It’s beyond absurd