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A person makes their way past a Toronto-Dominion Bank in the Financial District of Toronto, on Aug. 14, 2023. The Canadian Press/Spencer Colby
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TD Bank Group said Thursday that it’s cutting about two percent of its workforce in an aim to save around $600 million a year as part of a restructuring it started in the second quarter.
The bank announced the reduction as it reported a second-quarter profit of $11.1 billion. The cuts would amount to around 2,000 employees, based on the bank’s roughly 101,759 full-time equivalent employees for fiscal 2024.
