Here are the companies that have announced Canadian layoffs so far in 2023
CTV
More than 1,000 Canadians have been, or will be, affected by layoffs announced by Canadian and American companies so far this year.
It's been a rough start to 2023 for more than 1,000 Canadians affected by layoffs announced by Canadian and American companies this month. There have also been further unannounced layoffs reported by media.
Most of the announced cuts have been among tech companies and follow an earlier wave of downsizing and restructuring announcements in late 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 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 affecting Canadians so far in 2023.
Hudson's Bay Company confirmed to The Canadian Press this week that it plans to lay off two per cent of its total workforce, or an estimated 250 employees.
The Canadian Press reports the layoffs will impact largely Canadian corporate roles at The Bay and Hudson's Bay, the retailer's online and brick-and-mortar operations, respectively.
Less than a week after newspaper publisher Postmedia Network Corp. said it was grappling with "economic contraction," The Canadian Press reports the company is set to lay off 11 per cent of its editorial staff.
