Canaccord Trims Staff By 4%
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.