By country
Layoffs in Canada
20 sourced layoff rounds at 18 companies in Canada between Jul 2022 and Sep 2026: 35,332 people in the rounds where a number was given. Each one links to the article or filing it came from. The list covers what we have been able to source, not every cut in the country.
People affected
35K
Where a number was given
Companies
18
With a sourced round
Rounds
20
Jul 2022 → Sep 2026
Every round, newest first
- Neo Financial−102(10% of workforce)
The Calgary fintech announced the cuts in a LinkedIn post, saying they touched nearly every part of the company.
Fintech · Source: BetaKit
- Thinkific−96(30% of workforce)
The Vancouver online course platform reorganised to pursue larger enterprise customers.
EdTech · Source: BetaKit
- Stelco−500
Stelco announced indefinite idling of operations in Hamilton affecting up to 500 workers due to US steel tariffs.
Industrial & Manufacturing · Source: Yahoo
- OpenText−400(2% of workforce)
A second round in 2026 followed roughly 880 job cuts in March.
About the figure: The 400 figure is BetaKit's estimate from a 2% cut of more than 20,000 staff.
Enterprise SaaS · Source: BetaKit
- OpenText−880
The cut is part of a three year business optimisation plan that began with 1,200 layoffs in 2024.
About the figure: The 880 figure is BetaKit's estimate from the 4% share the company confirmed.
Enterprise SaaS · Source: BetaKit
- Ssense−200
The Montreal fashion retailer cut warehouse and office staff two days after its founders won a court fight to buy the company back.
About the figure: More than 200; the page lists 169 warehouse and 46 office layoffs on February 6.
E-commerce · Source: BetaKit
- Algoma Steel−1,000
Algoma Steel issued layoff notices as it closed its blast furnace and coke making operations, citing US tariffs on Canadian steel.
About the figure: Layoff notices took effect in March 2026.
Materials & Chemicals · Source: CBC News
- Bell (Canada)−690
Bell Canada cut about 690 jobs, mostly managers plus some news staff, saying it needed to reduce debt.
Telecom · Source: CBC News
GM idled its electric van plant in Ingersoll, Ontario and cut it from two shifts to one, citing market demand.
Automotive · Source: CNBC
- Hudson's Bay−9,364(100% of workforce)
Canada's oldest company entered creditor protection and moved to liquidate its department stores after failing to secure financing.
About the figure: Jobs at risk at the time of the report; the figure is total Canadian headcount if the whole business closed.
Retail & Corporate · Source: CBC News
- Canada Goosenumber not given(17% of workforce)
Canada Goose cut about 17 percent of its corporate workforce after nearly doubling head office staff between 2021 and 2023.
About the figure: Percentage applies to corporate staff only; no headcount was given.
Textiles & Apparel · Source: CNBC
- BCE (Bell Canada)−4,800(9% of workforce)
BCE announced its largest restructuring in nearly 30 years, cutting about 4,800 jobs, ending several newscasts and selling 45 radio stations.
Telecom · Source: Playback
- CBC/Radio-Canada−600(10% of workforce)
The Canadian public broadcaster planned to cut 600 positions and 200 vacancies to cope with a possible 125 million dollar budget shortfall.
About the figure: Planned cuts; CBC executives later said added federal funding meant significant job cuts were no longer needed.
Media & Streaming · Source: CBC News
- TD Bank−3,000(3% of workforce)
TD announced a restructuring that reduces its workforce by 3 percent after weaker than expected quarterly earnings.
About the figure: Reported as more than 3,000 jobs; the bank said it would rely on attrition and redeployment where possible.
Banking & Finance · Source: Banking Dive
- Scotiabank−2,700(3% of workforce)
Scotiabank cut about 3 percent of its global workforce, citing digitization, automation and changing customer preferences.
About the figure: The bank cited digitization and automation among the reasons, not artificial intelligence specifically.
Banking & Finance · Source: Advisor.ca
- Telus−6,000
Telus cut 4,000 jobs at its main business and 2,000 at Telus International, including early retirement and voluntary departure offers.
About the figure: Includes early retirement and voluntary departure packages.
Telecom · Source: CBC News
- Royal Bank of Canadanumber not given(1% of workforce)
RBC said it would reduce headcount by a further 1 to 2 percent after admitting it had overhired by thousands of people.
About the figure: Range of 1 to 2 percent of full time staff; the lower figure is recorded and no headcount was given.
Banking & Finance · Source: Global News
- Suncor Energy−1,500
Suncor's new chief executive announced 1,500 job cuts by the end of 2023 as part of a 400 million dollar cost reduction plan.
Energy & Utilities · Source: CBC News
- Shopify−2,000(20% of workforce)
Company said it would be smaller by about 20% without giving a number (press estimates put it at more than 2,000 of about 11,600 staff); Flexport agreed to buy Shopify Logistics the same day.
E-commerce · Source: Company letter
- Shopify−1,000(10% of workforce)
CEO Tobi Lütke said his bet that the pandemic shift to e-commerce would be permanent had not paid off: 'placing this bet was my call to make and I got this wrong'.
E-commerce · Source: Shopify (CEO memo)
Search every company in the directory, or read how we choose and check events in the methodology.