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Scotiabank shrinks tech staff as digital adoption rises

The bank’s active mobile users increased 11% YoY to 7.5M

Whitney McDonaldbyWhitney McDonald
November 29, 2022
in Banking
Reading Time: 3 mins read
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Scotiabank’s ongoing technology modernization has resulted in tech staff reductions in Canada and internationally during its fiscal fourth quarter 2022. The $1.3 trillion bank’s digital strategy was part of its Q4 restructuring charge of $66 million, according to the bank’s Q4 earnings supplement. The restructuring charge fell 29% when compared with the same period in […]

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Tags: AutomationearningsPremiumScotiabank
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