Canada’s Toronto-Dominion (TD) Bank is conducting a review of costs across its operations, which is expected to result in more job cuts.
The lender has already recruited a third-party consultancy to review the operations, reports The Wall Street Journal.
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According to an undisclosed source familiar with the matter, the Canadian banking and asset management could see axing of jobs in the coming weeks.
The bank started selectively slashing jobs last year, firing certain management jobs such as vice president and some IT roles.
The bank had earlier highlighted that reducing costs would be its major focus in 2015 under chief executive Bharat Masrani to counter slower growth.
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