Big news from the Royal Bank of Canada (RBC)! They bought a big part of HSBC's Canadian business last year. This led to some changes, and sadly, some employees lost their jobs.
- RBC laid off some workers in technology and operations.
- This happened after they combined parts of their business.
- The changes are meant to help RBC grow even bigger.
| Fact | Number |
|---|---|
| RBC's total employees (January 31) | 94,624 |
| CEO's 2024 salary (Canadian Dollars) | $24.5 million |
| HSBC acquisition cost (Canadian Dollars) | $13.5 billion |
It's not clear exactly how many people were affected. But RBC says they are helping those who lost their jobs.
