--- title: "TD Bank to Lay Off 2% of Workforce in Digital… | Metaintro" canonical: "https://www.metaintro.com/blog/td-bank-layoffs-2025" language: "en" author: "laceykaelani" published: "2025-05-26T11:30:00.000Z" modified: "2026-10-02T19:08:01.430Z" --- [Back to Blog](/blog) [Layoffs](/blog/tag/layoffs) # TD Bank to Lay Off 2% of Workforce in Digital Restructuring TD Bank plans a restructuring with 2% layoffs amid digital upgrades. [![Lacey Kaelani](https://cdn.metaintro.com/rs:fill:40:40/q:72/plain/images/2934b90b-ca20-4439-bc56-71b4f5733545_1766029465094.png)Lacey Kaelani @laceykaelani](/blog/author/laceykaelani) [May 26, 2025](/blog/archive/2025/05)2 min read ![TD Bank to Lay Off 2% of Workforce in Digital Restructuring](https://cdn.metaintro.com/rs:fill:1200:675/q:78/plain/images/tdbank.png) [https://x.com/intent/tweet?text=TD%20Bank%20to%20Lay%20Off%202%25%20of%20Workforce%20in%20Digital%20Restructuring&url=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Ftd-bank-layoffs-2025](https://x.com/intent/tweet?text=TD%20Bank%20to%20Lay%20Off%202%25%20of%20Workforce%20in%20Digital%20Restructuring&url=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Ftd-bank-layoffs-2025)[http://www.facebook.com/sharer.php?u=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Ftd-bank-layoffs-2025](http://www.facebook.com/sharer.php?u=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Ftd-bank-layoffs-2025)[https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Ftd-bank-layoffs-2025&title=TD%20Bank%20to%20Lay%20Off%202%25%20of%20Workforce%20in%20Digital%20Restructuring](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Ftd-bank-layoffs-2025&title=TD%20Bank%20to%20Lay%20Off%202%25%20of%20Workforce%20in%20Digital%20Restructuring)[mailto:?subject=TD%20Bank%20to%20Lay%20Off%202%25%20of%20Workforce%20in%20Digital%20Restructuring&body=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Ftd-bank-layoffs-2025](mailto:?subject=TD%20Bank%20to%20Lay%20Off%202%25%20of%20Workforce%20in%20Digital%20Restructuring&body=https%3A%2F%2Fwww.metaintro.com%2Fblog%2Ftd-bank-layoffs-2025) ## TD Bank's Big Chop In the latest episode of corporate maneuvering, [TD Bank](https://www.td.com/us/en/personal-banking) has announced plans to lay off approximately 2% of its workforce—roughly 2,000 employees—as part of a sweeping digital and artificial intelligence restructuring strategy. This endeavor is spearheaded by the bank's fresh captain, CEO Ray Chun, who is steering the ship towards significant cost efficiencies. With the recent $3 billion anti-money laundering settlement, which led former CEO Bharat Masrani to exit stage left, TD Bank is looking to rebrand itself with a razor-sharp focus on automation and process reengineering. Just imagine all the espresso power users will need to fuel this ambitious mission. ## The Silver Lining in Numbers The restructuring plan isn't just for fun and games; it's set to trim down costs by approximately C$650 million per year. That's Canadian dollars for those keeping score at home—or about 485 million in American greenbacks for our global pals. While specific locations for these cuts haven't been disclosed, it’s clear TD is taking a disciplined scalpel to its operations. Chun has been explicit: “We are structurally reducing costs across the bank by taking a disciplined look at our operations and processes to find opportunities to automate and to re-engineer them.” Translation: Time to let algorithms take the wheel and ensure the coffee machine is running 24/7 for all those late-night coding sessions. --- Ad## ✨ A Word From Our Sponsors 👇 📈 Job hunt dragging? These weekly tips slap harder than Monday motivation. Click [here.](https://met.sh/9P6Am) --- ## Future-Proofing the Bank TD's digital ambitions are not just about trimming the fat. They're about future-proofing the institution in a rapidly evolving banking landscape. As competitors also dive headfirst into AI and tech innovations, TD knows staying ahead means not just keeping up—but sprinting. Investors and financial insiders are watching closely, intrigued by how Chun's bold moves will influence TD's market position and profit potential. With digital transformation flagged as the go-to strategy for efficiencies and operational excellence, implementing these changes smartly will be key. Have TD’s recent tribulations set the stage for a new hero to rise? Time will tell if Ray Chun's strategy takes TD Bank beyond cleaning $3 billion stains to setting new industry standards. 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