The Globe and Mail reports in its Friday edition that Scotiabank is laying off staff across its Canadian banking unit, part of the lender's continued efforts to adjust its businesses through its multiyear turnaround plan. The Globe's Stefanie Marotta writes that in recent weeks, the bank has been shedding roles as it reorganizes the division to "accelerate the execution" of the strategic refresh it launched in late 2023. A memo to staff said the division's new operating model is aimed at accelerating the bank's targets in acquiring primary clients, which are customers that have a daily chequing account and investments. Its other goals include enhancing mobile capabilities and investing in initiatives with "significant impact to clients." The memo did not specify the number of layoffs, and Scotiabank did not provide further detail. Two years ago, Scotiabank cut 3 per cent of its global work force a few months before it launched its strategic plan, which reallocated resources to its North American businesses, where it sees bigger opportunities for growth than in its Latin American operations. In August, Scotiabank posted third-quarter profit that beat analysts' expectations while maintaining conservative guidance.