The company didn’t say how many people are being laid off, but Graeme Harris, vice-president of communications and media relations at Manulife, said less than one per cent of the company’s global workforce will be affected.

The company had 27,500 employees around the world as of the end of last year, including 8,400 in Canada. About 3,800 are located in Waterloo Region, where Manulife’s Canadian operations are headquartered.

via Manulife’s ‘global review’ of operations leads to layoffs | guelphmercury.