2023 has been a difficult year for more than 1,000 Canadians affected by the layoffs announced by Canadian and American companies this month. There were also other unannounced layoffs reported by the media.
Most of the cuts announced are at technology companies and follow a previous wave of downsizing and restructuring announcements at the end of 2022 by heavyweights such as Meta, Amazon and Lyft.
Layoffs.fyi, a layoff tracker launched by entrepreneur Roger Lee during the COVID-19 pandemic, reports that 155,126 tech jobs globally were lost in 2022, with another 55,324 announced since the start of 2023 .
Here are some of the mass layoffs that have affected Canadians so far in 2023.
HUDSON’S BAY COMPANY
The Hudson’s Bay Company confirmed to The Canadian Press this week that it plans to lay off 2% of its total workforce, or about 250 employees.
The Canadian Press reports that the layoffs will largely impact Canadian business roles at The Bay and Hudson’s Bay, the retailer’s online and physical operations, respectively.
Less than a week after newspaper publisher Postmedia Network Corp. announced that it was in the grip of an “economic contraction”, The Canadian Press reports that the company is set to lay off 11% of its editorial staff.
Postmedia employees were reportedly told of the layoffs at a town hall on Tuesday afternoon.
In an audio recording of that meeting obtained by The Canadian Press, Gerry Nott, acting senior vice president of editorial content, said the cuts would affect all of the company’s publications except Brunswick News. and Postmedia Editorial Services, as they have already been reduced.
Postmedia owns publications across Canada, including the National Post, the Vancouver Sun and the Calgary Herald, and employs approximately 650 journalists.
Canadian law firm Samfiru Tumarkin LLP reports that Salesforce, an American enterprise software company, plans to lay off 10% of its workforce. Canadian startup news website Betakit reports that some of these layoffs will affect Canadians, but does not specify how much.
Canadian technology company Benevity announced in a notice to its employees on January 18 that it would cut 137 jobs, or 14% of its workforce.
CEO Kelly Schmitt explained that the company is currently “oversized for current market conditions,” necessitating job cuts.
“We have always led the business towards growth, both to maximize the social impact we could help generate as the first B Corporation, and also to seize the market opportunity before us” , she wrote in the notice to staff.
“In response to this demand, we have significantly increased the size of our team, but over the past nine months macro conditions have changed dramatically and the demand we expected has slowed significantly.”
In a memo to employees posted Jan. 4, Amazon CEO Andy Jassy said the company would cut another round of jobs following mass layoffs in November. Between the two layoffs, the company plans to cut 18,000 jobs.
Jassy said the majority of the layoffs would occur at Amazon stores and PXT organizations, but did not specify how many Canadians, if any, would be affected.
“These changes will help us pursue our long-term opportunities with a stronger cost structure,” he wrote.
According to Layoffs.fyi, these Canadian companies also cut jobs this month:
- The Montreal company Lightspeed Commerce has laid off 300 employees, or 10% of its workforce.
- Canadian online car retailer Clutch has laid off 148 employees. Betakit.com reports that this represents around 65% of the company’s staff.
- Vancouver-based software company Thinkific has laid off 76 employees, or 19% of its workforce.
- Social media marketing software company Hootsuite has laid off 70 employees, or 7% of its workforce.
- Toronto-based delivery startup GoBolt has laid off 55 employees, or 5% of its workforce.
- The Canadian credit company Clearco has laid off 50 employees, or 30% of its workforce.
- Toronto software company PartnerStack has laid off about 20% of its staff.
— With files from The Canadian Press
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