BMO job cuts have little to do with sky-high profits

[news]

http://i.cbc.ca/1.2451354.1386199246!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_460/bmo-results.jpg On the face of it, Bank of Montreal’s cutting of nearly 1,000 full-time positions in the fourth quarter of a year in which it made a record profit of $4.2 billion might come off as an unnecessarily cruel move, but some analysts say it's a predictable consequence of improved productivity and a stagnant economy.


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