Good to work, horrible layoff structure - Anonymous employee CIBC Employee Review

3.0
24 Aug 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Great work/life balance Good benefit Good team leaders

Cons

Onboarding process was bad Layoff process was horrible - laid off due to business structure without notice and my whole team was gone. However HR didn't process ROE properly so I couldn't get EI for over a month. I had to ask for the same issue for over 10 emails back and forth, still same issue wasn't resolved. No detailed information how to submit the payment too so I had to call HR to find out more in detail.

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5.0
1 June 2026
Recommend
CEO approval
Business outlook

Pros

Good flatform to do holistic financial planning for clients. Stock purchase plan with company matching

Cons

There is no commission anymore.

2.0
7 May 2026
Recommend
CEO approval
Business outlook

Pros

-People were friendly and would do coffee chats/one-on-one lunches. -Other interns were great. -Base compensation as an analyst is on the higher end.

Cons

-Feedback from intern manager only given at the end of a rotation differed greatly from what team members would directly tell me which was confusing. Makes me think people are only nice on the surface. -Team members prioritized some interns over others in terms of work given and time spent. -Teams in the same product group had wildly different work life balance with some working 70+ hours a week and others working close to 40. -Has high turnover overall due to lower compensation at the Director+ level.

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