this post was submitted on 21 Oct 2023
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Other banks have also been trimming staff in recent months after a major hiring push during the pandemic.

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[–] [email protected] 18 points 2 years ago* (last edited 2 years ago)

You mean the economic uncertainty that's led to another quarter of huge wage gains and job growth? That uncertainty?

https://www.reuters.com/world/americas/canada-job-gains-triples-expectations-september-wage-growth-accelerates-2023-10-06/

Canada's economy more than tripled expectations by adding 63,800 jobs in September and wages continued to soar, data showed on Friday, upping the chances for another rate hike.

The jobless rate stayed at 5.5% for a third consecutive month, Statistics Canada said. Analysts polled by Reuters had forecast a net gain of 20,000 jobs and for the unemployment rate to edge up to 5.6% from 5.5% in August.

Please. This is yet another corporation using economic fear mongering to justify cutting jobs to goose their quarterly earnings. Nothing to see here.

But, I'm sure that recession is right around the corner!