Treiber Law: 2024 Layoff Tracker
If you have been let go from your job you need to speak to an employment lawyer.
Consulting an employment lawyer does not mean that you automatically have to sue your employer.
Rather, only an employment lawyer can give you advice as to whether the severance package offered to you upon termination is fair and reasonable in light of the employment lawyer’s expertise and the unique circumstances of your employment relationship.
You might feel pressured to sign back an employer’s severance package because the employer may have given you a quick deadline to respond. Note that the “deadline” provided by employers to review their severance offer is not a real deadline.
In fact, it is in the employer’s interest not to rush you to sign off on a severance package in case you try to turn around on them after you have signed a release that you did so under duress. Accordingly, you should take the time that you need to get the advice that you need about what makes sense for you and your employment relationship going forward.
In the meantime, this blog post will track the latest round of layoffs impacting Canadian workplaces. If you have been impacted by a layoff, you should reach out to Treiber Law to book a 60-minute consultation to go over your severance package.
2024 Layoff Tracker (last updated: December 10, 2024)
- December 2, 2024: Qubec’s Lion Electric temporarily lays off more than half of remaining workforce. https://www.msn.com/en-ca/news/canada/quebec-company-lion-electric-temporarily-lays-off-more-than-half-of-remaining-workforce/ar-AA1v7sIL
- November 30, 2024: Canada Post union files unfair complaint over layoffs amid strike. https://globalnews.ca/news/10895703/canada-post-union-layoff-complaint/
- November 29, 2024: Questrade lays off undisclosed number of employees. https://www.ctvnews.ca/business/questrade-lays-off-undisclosed-number-of-employees-1.7128755
- November 28, 2024: Mohawk College in Hamilton to start layoffs Monday as part of plans to cut 200-400 jobs. https://www.cbc.ca/news/canada/hamilton/mohawk-college-layoffs-to-begin-dec-2-1.7394876
- November 13, 2024: Bell Employees in Shock as Fresh Layoff notices Roll Out. https://www.iphoneincanada.ca/2024/11/13/bell-employees-in-shock-as-fresh-layoff-notices-roll-out/
- November 8, 2024: Layoffs could be on the table for permanent government employees as part of spending review. https://ottawacitizen.com/public-service/hiring-freezes-cutting-public-servants-part-of-government-spending-review-plans
- October 30, 2024: Manulife Cuts 2.5% of Staff in Wealth and Assest Management Unit. https://www.bnnbloomberg.ca/business/2024/10/30/manulife-cuts-around-25-of-staff-at-global-wealth-and-asset-management-team/
- October 18, 2024: Scotiabank cutting 3% of staff amid efforts to streamline banking operations. https://globalnews.ca/news/10032566/scotiabank-layoffs-october-2023/
- October 2, 2024: Air Transat considering 80-person layoff amid financial turbulence. https://www.theglobeandmail.com/business/article-air-transat-considering-80-person-layoff-amid-financial-turbulence/
- September 24, 2024: RBC bankers fear layoffs as pledge to keep HSBC staff nears end. https://www.ctvnews.ca/business/rbc-bankers-fear-layoffs-as-pledge-to-keep-hsbc-staff-nears-end-sources-say-1.7050180
- September 19, 2024: Layoffs at ApplyBoard due to restructuring. https://kitchener.citynews.ca/2024/09/19/layoffs-at-applyboard-due-to-restructuring/
- September 11, 2024: Connors Bros blames Canada’s DFO for layoffs at its New Brunswick processing plant. https://www.seafoodsource.com/news/supply-trade/connors-bros-blames-canada-s-dfo-for-layoffs-at-its-new-brunswick-processing-plant
- August 30, 2024: Postmedia CEO says layoffs at SaltWire, Herald are necessary to stabilize papers. https://globalnews.ca/news/10727231/postmedia-layoffs-saltwire/
- August 21, 2024: JustEat, SkipTheDishes lay off 800 Canada=based employees following “comprehensive review”. https://betakit.com/justeat-skipthedishes-lay-off-800-canada-based-employees-following-comprehensive-review/
- August 20, 2024. GM lays off “small percentage” of Canadian workers amid software job cuts. https://www.bnnbloomberg.ca/business/company-news/2024/08/20/gm-lays-off-small-percentage-of-canadian-workers-amid-software-job-cuts/
- July 17, 2024: “Dark day in journalisim”: More layoffs reportedly hit Global News. https://dailyhive.com/canada/global-news-layoffs-digital-july-17
- July 15, 2024: Corus Entertainment says ongoing job cuts will amount to 25% of full-time positions, https://www.cp24.com/news/corus-entertainment-says-ongoing-job-cuts-will-amount-to-25-of-full-time-positions-1.6964577
- July 8, 2024: Open Text layoffs, https://www.channelinsider.com/news-and-trends/us/opentext-layoffs-growth-innovation-plans/
- June 25, 2024: More than 50 workers to be laid off from Ontario Science Centre, https://toronto.ctvnews.ca/mobile/more-than-50-workers-to-be-laid-off-from-ontario-science-centre-union-says-1.6941206?cache=?clipId=2097462
- June 17, 2024: Raymond James trims staff, https://www.wealthprofessional.ca/news/industry-news/raymond-james-trims-staff-amid-industry-slowdown/386172
- June 15, 2024: Corus cuts, https://www.torontomike.com/2024/06/corus-cuts-at-global-news-claim-farah-nasser-and-alan-carter/
- June 13, 2024: Global News laying off dozens of employees across the country, https://www.thestar.com/business/global-news-laying-off-dozens-of-employees-across-the-country/article_c4f4e7d8-2998-11ef-9bb7-e33aa8e6c23c.html?li_source=LI&li_medium=Recommended
- May 1, 2024: Hudson’s Bay cuts jobs in ‘realignment’ of organizational structure, https://toronto.citynews.ca/2024/04/30/hudsons-bay-cuts-jobs-in-realignment-of-organizational-structure/
- April 30, 2024: Rayonier Advanced Materials closing plant, laying off 275 workers, https://northernontario.ctvnews.ca/company-near-north-bay-closing-plant-laying-off-275-workers-1.6867802
- April 22, 2024: PwC lays off 60 employees, https://www.canadian-accountant.com/content/profession/sunday-news-roundup-24-04-21
- April 18, 2024: Montreal-based Lion Electric cuts about 120 jobs, https://globalnews.ca/news/10431956/lion-electric-job-cuts-montreal/
- April 4, 2024: Ford delaying start of EV production in Oakville, extended layoffs for majority of 2,700 workers https://www.theglobeandmail.com/business/article-ford-delaying-start-of-ev-production-at-oakville-ont-plant-until-2027/
- April 3, 2024: Lightspeed Commerce cutting 280 jobs https://www.cp24.com/news/lightspeed-commerce-cutting-280-jobs-as-it-focuses-on-profitable-growth-1.6831694
- April 2, 2024: Windsor Salt mine workers laid off indefinitely https://windsor.ctvnews.ca/windsor-salt-mine-workers-laid-off-indefinitely-due-to-unfavourable-weather-conditions-company-1.6830463
- March 26, 2024: Canada Goose is laying off 17% of its corporate workforce https://www.cbc.ca/news/business/canada-goose-layoffs-1.7155797
- March 4, 2024: Body Shop Canada to layoff 200 workers https://www.cbc.ca/news/business/body-shop-canada-took-revenue-left-company-in-debt-1.7133312
This article should not be relied upon as legal advice or legal opinion.