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TD Bank Cuts Workforce Amid Office Return and Hiring Plans

10/25/2025

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Summary

Story summary

Toronto-Dominion Bank (TD Bank) will cut about 2% of its workforce to address anti-money-laundering deficiencies.
The layoffs affect risk management and direct investing.
Starting November, employees must work from the office at least four days.
Some teams may not return to full in-person work until early 2026.
TD plans to hire 1,200 advisors to bolster wealth management and invest in digital and compliance roles.

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Story summary

Toronto-Dominion Bank (TD Bank) will cut about 2% of its workforce to address anti-money-laundering deficiencies.
The layoffs affect risk management and direct investing.
Starting November, employees must work from the office at least four days.
Some teams may not return to full in-person work until early 2026.
TD plans to hire 1,200 advisors to bolster wealth management and invest in digital and compliance roles.