The Globe and Mail reports in its Saturday edition that TD Bank is laying off staff and staggering its four-day return-to-office mandate. The Globe's Stefanie Marotta writes that in its second-quarter earnings in May, the bank said it would reduce its work force by 2 per cent. TD has been identifying opportunities to expand its businesses after U.S. regulators and law enforcement levied severe and costly penalties over the bank's anti-money-laundering deficiencies. The job losses span across several divisions, including direct investing, risk management and corporate functions. In July, The Globe revealed that TD was the fourth major lender requiring staff to work from the office four days a week. At the time, the bank said that many of its locations will be prepared to accommodate the new rule by Nov. 3, but it would take some time to ensure others are ready. As the date approaches, some groups have been told they will not return to the office on a more full-time basis until early 2026. TD executives are already working with the four-day model. Some of the employee reductions were completed in the second quarter, with the remaining expected over the next few quarters. TD unveiled its turnaround strategy in September.