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Bank of Montreal is closing its indirect retail auto finance business and laying off an unknown number of jobs as the bank shifts focus to other areas. Bank of Montreal (BMO) has once again begun staff reductions in its US investment banking unit, impacting key positions including managing directors. BMO says they'll be conducting layoffs at the location on December 31, More than sixty days notification is being given to the affected.

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Employment Opportunities. Get the latest in enterprise business and tech with exclusive peeks at our new offerings. The recent developments primarily center around the unit's U. A flurry of layoffs have occurred at a number of major North American companies, including RBC , Volvo , Wells Fargo , Roku , Dell , Telus , Amazon , Microsoft , and Meta , are significantly scaling back their staffing levels as they continue to navigate challenging economic conditions. Share on LinkedIn.

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