New Jersey Hit Hard by TD Bank’s Planned Layoffs and Branch Shutdowns

Restructuring Efforts Lead to 52 Job Cuts at TD Bank in New Jersey

TD Bank has announced plans to lay off 52 employees as part of a larger restructuring initiative, according to a recent filing with the New Jersey Department of Labor and Workforce Development. The layoffs, which will occur in multiple rounds before June 26, are not accompanied by offers for positions at other TD Bank locations. Affected employees, including some executives, will receive severance pay and compensation for unused accrued paid time off.

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