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Recent TD Bank Layoffs (May 2025 Update) On May 22, 2025, TD Bank confirmed it would be laying off approximately 2% of its global workforce—about 2,000 employees—as part of a major restructuring initiative. The announcement came alongside TD’s earnings report, which revealed lower-than-expected profits due to increased provisions for bad loans. The bank stated the […]

On May 13, 2025, Microsoft announced plans to lay off approximately 6,000 employees globally—about 3% of its workforce—in its largest round of job cuts since 2023. The layoffs are part of a broader restructuring aimed at streamlining management layers and investing more heavily in artificial intelligence, according to statements from Microsoft (Reuters). These cuts affect

Hudson’s Bay has filed for creditor protection, putting thousands of jobs at risk (Associated Press, NPR). If you work for Hudson’s Bay, you may be wondering: Will I lose my job? Will I receive severance pay? What financial support is available? What happened to employees in past retailer bankruptcies like Sears and Nordstrom? Here’s what you

On February 21, 2025, Starbucks announced plans to lay off 1,100 corporate employees globally as its new chairman and chief executive streamlines operations. According to a report by CBC News, the company is reducing its corporate workforce while also implementing significant menu changes. Starbucks has stated that these layoffs are necessary to realign its business

Telus announced in February 2025 that it was offering voluntary severance packages to approximately 700 employees nationwide, including management staff, as part of an ongoing corporate restructuring. The job reductions impacted departments such as network operations, engineering, outside plant construction, and business solutions teams. Many affected employees were based in major cities, including Toronto, Montreal,

Canada Post announced on February 6, 2025, that it had laid off nearly 50 management employees earlier that week as part of a corporate-wide restructuring to address significant financial and operational challenges. Approximately half of the affected employees were based in Ottawa, with the remainder located in Toronto and other regions across the country. The

Mortgage advisors are key contributors to the financial sector, helping Canadians navigate the complexities of mortgages and financial planning. However, as commission employees, their unique compensation structures often present challenges, particularly in cases of termination and severance pay. Unique Challenges for Commission Employees in the Mortgage Industry Mortgage advisors often earn a significant portion of

Financial advisors are vital to Canada’s financial sector, providing clients with critical guidance on investments, retirement planning, and wealth management. However, as commission employees, their unique compensation structures often present challenges during termination, particularly regarding severance pay. Unique Challenges for Commission Employees in the Financial Industry Financial advisors typically earn a significant portion of their

On January 17, 2025, Hudson’s Bay Company (HBC) announced the layoff of 41 employees as part of efforts to revamp the retailer’s structure. Charla Parkinson, a spokesperson for the Toronto-based department store chain, confirmed the staffing cuts in an email to CTV News, citing “challenging headwinds” in the retail industry as the driving factor behind

On November 29, 2024, Questrade Financial Group, one of Canada’s leading online brokerage firms, announced layoffs, leaving many employees uncertain about their future. While the exact number of employees affected has not been disclosed, these layoffs are part of an effort to align the company’s operations with its strategic goals. Reports of these workforce reductions