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Its full-time employee count for the first quarter sat at 45,083, down from 45,157 the quarter before, but up from 43,815 a year ago.CIBC has not said whether all of its expected staffing cuts have been made or what departments they have come from, but Hratch Panossian, CIBC’s chief financial officer, said the move is “fairly broad” and “affects all segments.”The bank’s efficiency ratio was 55.5 per cent at year-end, an improvement from 60.4 per cent in 2015.Dodig attributed the improvement so far to the bank repurposing resources and simplifying processes, but he wants it to improve further so the bank can position itself as a stronger competitor.“While we’ve made steady progress in starting this journey.
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