Desjardins plan to lay off almost 400 workers as a result of economic downturn

Quebec-based financial services firm Desjardins is laying off “less than 400” employees as the company deals with an economic downturn and looks to recoup money from prior investments.

In a statement, a spokesperson for Desjardins told BNN Bloomberg that the layoffs will primarily affect its Montreal and Levis, Que. offices as part of “regular adjustments within different teams.”

 

“The current economic context adds an additional pressure that leads us to have a healthy and prudent management,” the company said in an emailed statement.

“This sound management leads us to keep a close eye on our costs, whether, for example, to take advantage of natural attrition, to assess the relevance of our vacant positions, or to ensure that our office space corresponds to the reality of hybrid working.”

The company also mentioned it had yet to recoup “all the benefits of our massive investments in recent years” and needs to “step up the pace in this respect.”

 

 

This article was reported by BNNBloomberg