Photograph by Adam Khan on Unsplash
Canadians are continuing to be laid off as part of a wave of task cuts that commenced in 2023 as companies assessed their functions just after the height of the COVID-19 pandemic passed. Tech providers, stores and far more have all started shedding members of their workforce in a bid to navigate the financial downturn.
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25 companies in Canada laying off staff in 2024
These are some of the businesses which have so considerably laid off Canadian workers in 2024:
- BCE Inc.: The Montreal-centered telecommunications huge said on Feb. 8 it was slicing four,800 work opportunities “at all stages of the enterprise,” though some of the occupation losses have been to arrive from vacancies and organic attrition fairly than layoffs.
- BenchSci: The Toronto-based mostly artificial intelligence startup allow go of an unspecified selection of staff in January because of “economic ecosystem, operational efficiencies, and adaptation to technological advancements, specifically generative AI.”
- BlackBerry Ltd.: The Waterloo, Ont.-dependent technologies firm announced ideas to reduce an unspecified amount of careers on Feb. 12 as it labored to separate two of its business divisions.
- The Body Shop Canada Ltd.: Court files confirmed the subsidiary of the worldwide cosmetics retailer prepared to lay off about two hundred workers in March, as it sought creditor defense and shut 33 stores. The filings also exposed twenty head office environment employees and two contractors experienced just lately been slash.
- Canada Goose Holdings Inc.: The Toronto-centered luxury clothing maker said in March that it was laying off 17% of its world corporate workforce to put the enterprise “in a much better position for scaling.”
- Cascades Inc.: The paper and packing organization mentioned on Feb. 13 that it was closing 3 plants in a move that would impact 310 staff members.
- Corus Entertainment: The broadcaster confirmed in February that it laid off an unspecified number of workers across numerous stations.
- CPA Canada: Chartered Expert Accountants of Canada reported on Feb. twelve that it was reducing 20% of its workforce in advance of a move by provincial oversight bodies in Ontario and Quebec to break up from the national organization.
- Dorel Industries Inc.: The maker of children’s products and solutions and home furnishings unveiled in March that it beforehand laid off 40 workforce.
- Enbridge: The Calgary-dependent pipeline large introduced programs to slice 650 positions about the course of February, citing “increasingly challenging” company problems like bigger curiosity charges, financial uncertainty and the ripple effects of geopolitical developments.
- Factory Immediate: The Vaughan, Ont. electronics and property great retailer claimed in court documents submitted in February that it would terminate two hundred workers as the company winds down.
- Google: The tech large kicked off the 12 months by trimming its workforce, leaving hundreds of its team with no jobs. Dan Raile, a spokesperson for the Alphabet Personnel Union-Interaction Personnel of The usa union, claimed some of the departing staff ended up positioned in Canada.
- Groupe Juste pour rire Inc.: The corporation at the rear of the annual Montreal comedy competition introduced in early March that it would reduce 75 workers as the organization sought creditor defense.
- Indigo Guides & Music Inc.: The retailer laid off an unspecified amount of staff in January as component of its ongoing efforts to streamline its functions pursuing losses, a cyberattack and leadership improvements. The firm agreed to be obtained and taken personal in April.
- Lightspeed Commerce Inc.: The Montreal-centered know-how company explained on April three that it was chopping about 280 employment as it moved to aim on lucrative advancement.
- Lion Electric Co.: The electrical bus firm declared on Feb. 29 that it was laying off a hundred additional employees or about seven% of its complete workforce in a shift to lessen charges.
- Lynx Air: The lower-price tag airline stated it would stop functions in late February. Courtroom documents confirmed it had 500 workers.
- Mastermind Toys: The toy retailer, which recently changed possession, terminated about 272 employees as Unity Acquisitions Inc. took over the firm in January.
- Mountain Equipment Corporation: The Vancouver-based mostly outdoor gear retailer states it laid off 14 folks, or much less than 1% of its one,seven-hundred workers, in January as it done “major operational applications and initiatives.”
- Rona Inc.: The Boucherville, Que., home improvement retailer introduced ideas to axe 300 positions and close distribution centres in Calgary and Terrebonne, Que., in Calgary in January, as section of a prepare to adjust its operating design and reduce inefficiencies.
- Staples Canada: The place of work supplies retailer shared at the start off of February confirmed that it had cut an unspecified number of employees at its head office environment as it restructures and streamlines operations.
- Taiga Motors: The Montreal-primarily based electric powered snowmobile maker mentioned on April 2 it would lay off 70 staff on prime of 31 minimize in January, amounting to a one-third workforce reduction so much this year, as the enterprise quickly halted car or truck creation following reporting a internet decline $seventy two.five million for 2023.
- TC Strength Corp: The Calgary-based pipeline enterprise confirmed in early March it had slash an unspecified range of jobs from its Calgary and Houston operations as it operates to integrate its Canada, U.S. and Mexico organic fuel pipeline businesses.
- Vice Media Team: The media business, which originated in Montreal, introduced designs in February to lay off quite a few hundred employees and reported it would quit publishing content on Vice.com.
- Wayfair: U.S. household merchandise retailer Wayfair suggests 50 workers in Ontario ended up component of a January layoff affecting 1,650 staff at the residence merchandise company.
Read additional about unemployment:
- How to qualify for EI gains in retirement in Canada
- How to put together for doable career reduction in Canada
- Out of do the job? Should you get RRSP withdrawals to pay back down credit card debt?
- In-desire work opportunities in healthcare that don’t require an MD—and their salaries
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