Canaccord Trims Staff By 4%

layoffs

CBJ – Canaccord Genuity Group has announced it is cutting 4% of its staff – or about 80 workers – in light of the effects of the global economic slowdown.

The Toronto-based independent broker-dealer and wealth-management company says the job losses will be in Europe and the United States.

Total pretax cost of the work force reduction is about $22-million.

The company has about 1,000 employees in its capital markets unit.

@CanBizJournal

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