Why did RBC cut jobs?

RBC cited changes to take better advantage of its global scale, simplify how it works and promote the leaders and talent who will shape its client-focused growth. In its own words: "better position RBC to take advantage of our global scale, simplify how we work and elevate the leaders and talent who will shape our client-focused growth opportunities." (RBC, in a statement reported by The Canadian Press).

Is RBC in the AI layoffs register?

No. The register records job cuts that the employer linked to AI, or that a credible outlet or a named analyst linked to AI. RBC's cut was checked against that rule and left out, so it is not counted in the index or in any of the register's figures.

RBC layoffs 2025: was AI the reason?

RBC layoffs and AI

Updated Nov 6, 2026

Not according to RBC. It named no AI reason for its March 2025 cut, citing changes to take better advantage of its global scale, simplify how it works and promote the leaders and talent who will shape its client-focused growth. No credible outlet or named analyst linked the cut to AI, so it is not in the register of AI-linked job cuts.

What happened, March 2025: RBC laid off an undisclosed number of employees in March 2025 as it reorganised its business segments and senior leadership, after splitting personal and commercial banking into separate units; sources told Reuters the cuts hit technology and operations, personal banking and commercial banking teams, and RBC said they were not related to its purchase of HSBC's Canadian business. The full record

Not linked to AINot in the registerMar 2025Canada

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The cut, in RBC's own words

What was cut, the figure and whose it is, the reason RBC gave, how AI came up if it did, and the source.

Mar 7, 2025

Not linked to AI

RBC laid off an undisclosed number of employees in March 2025 as it reorganised its business segments and senior leadership, after splitting personal and commercial banking into separate units; sources told Reuters the cuts hit technology and operations, personal banking and commercial banking teams, and RBC said they were not related to its purchase of HSBC's Canadian business.

The reason RBC gave

"better position RBC to take advantage of our global scale, simplify how we work and elevate the leaders and talent who will shape our client-focused growth opportunities."RBC, in a statement reported by The Canadian Press

The bank's statement does not mention AI, and no report read tied the cut to AI. In September 2026, asked by CBC about AI's impact on staffing levels, RBC's director of media relations Jeff Lanthier said: "We see AI as an enhancement, not a replacement." CBC also quoted chief executive Dave McKay saying earlier in 2026, "There isn't a part of our business that's not being impacted by AI," and reported that RBC plans to generate $700 million to $1 billion in enterprise value from AI by 2027; none of these statements is about this cut.

Source: CTV News (The Canadian Press): RBC cuts undisclosed number of staff amid 'growth strategy'. Checked Nov 6, 2026.

Why RBC is not in the register

This site keeps a register of job cuts linked to AI: a cut enters it when the employer names AI or automation as a reason, or when a credible outlet or a named analyst links it to AI, and each entry is graded on what the employer itself said. RBC's cut was read against that rule and left out. It is shown here because people searching for RBC's layoffs ask whether AI was behind them, and are counted nowhere on this site. .

RBC layoffs and AI

The cut, in RBC's own words

Mar 7, 2025

Why RBC is not in the register

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