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Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.

Tech companies, retailers and more have all begun shedding members of their work force in a bid to navigate the economic downturn.

These are some of the companies which have so far laid off Canadian workers in 2024.

BCE Inc. BCE-T: The Montreal-based telecommunications giant said on Feb. 8 it was cutting 4,800 jobs “at all levels of the company,” although some of the job losses were to come from vacancies and natural attrition rather than layoffs.

BenchSci: The Toronto-based artificial intelligence startup let go of an unspecified number of workers in January because of “economic environment, operational efficiencies, and adaptation to technological advancements, specifically generative AI.”

Enbridge ENB-T: The Calgary-based pipeline giant announced plans to cut 650 positions over the course of February, citing “increasingly challenging” business conditions including higher interest rates, economic uncertainty and the ripple effects of geopolitical developments.

Google: The tech giant kicked off the year by trimming its work force, leaving hundreds of its staff without jobs. Dan Raile, a spokesperson for the Alphabet Workers Union – Communication Workers of America union, said some of the departing staff were located in Canada.

Indigo Books & Music Inc. IDG-T: The retailer laid off an unspecified number of staff in January as part of its ongoing efforts to streamline its operations following losses, a cyberattack and leadership changes.

Mastermind Toys: The toy retailer, which recently changed ownership, terminated about 272 employees as Unity Acquisitions Inc. took over the company in January.

Rona Inc.: The Boucherville, Que., home improvement retailer announced plans to axe 300 jobs and close distribution centres in Terrebonne, Que., and Calgary in January as part of a plan to adjust its operating model and eliminate inefficiencies.

Staples Canada: The office supplies retailer shared at the start of February confirmed that it had cut an unspecified number of workers at its head office as it restructures and streamlines operations.

Wayfair W-N: U.S. home goods retailer Wayfair says 50 workers in Ontario were part of a January layoff impacting 1,650 employees at the home goods company.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 12/04/24 3:55pm EDT.

SymbolName% changeLast
BCE-T
BCE Inc
-1.36%44.23
ENB-T
Enbridge Inc
-0.42%47.07
GOOG-Q
Alphabet Cl C
-1%159.19
GOOGL-Q
Alphabet Cl A
-1.05%157.73
IDG-T
Indigo Books & Music Inc
0%2.46
W-N
Wayfair Inc
-3.84%60.34

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