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CIBC has cut over 500 jobs recently: Wall Street Journal

2015-01-30 05:59:57| Grocery - Topix.net

A published report says the Canadian Imperial Bank of Commerce has cut more than 500 jobs over the past two weeks. The Wall Street Journal quoted an email from the bank as saying the reductions are part of ``an overall alignment of resources.'

Tags: jobs street journal recently

CIBC said to cut 500 jobs to boost operating efficiency

2015-01-30 04:55:06| Grocery - Topix.net

Canadian Imperial Bank of Commerce, the nation's fifth-biggest lender, is cutting about 500 jobs companywide even as it plans to add positions throughout the year, according to a person briefed on the matter. “These reductions reflect an overall alignment of our resources that allows us to better serve our clients and ensure that we are operating efficiently,” the Toronto-based bank said Thursday in an e-mailed statement that didn't elaborate on which jobs and how many are affected.

Tags: jobs operating cut efficiency