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
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.
Postmedia employees were reportedly informed of the layoffs during a town hall meeting on Tuesday afternoon.
In an audio recording from that meeting obtained by The Canadian Press, Gerry Nott, acting senior vice-president of editorial content, said the cuts would impact all of the company’s publications with the exception of Brunswick News and Postmedia Editorial Services, as they have already been downsized.
Postmedia owns publications across Canada, including the National Post, Vancouver Sun and Calgary Herald, and employs about 650 journalists.
Canadian law firm Samfiru