What type of jobs are being cut according to the text?
RBC to Cut About 450 Jobs in Toronto Area
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The transcript discusses RBC's decision to cut jobs in Toronto, affecting less than 1% of its workforce. The move is part of a strategy to save costs and reinvest in digital technology, reflecting the shift in consumer banking habits. While new technology jobs may be created, details are scarce. The affected positions are mainly administrative, and employees will receive severance packages.
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Is there any mention of retraining for the employees who are being laid off?
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