Monthly Summary
June 2025
Klue Labs CEO Jason Smith announced layoffs of 85 employees (40% of workforce) in June 2025 as part of a strategic shift to integrate generative AI into all operations and improve competitiveness. The company offered voluntary buyout packages while also conducting involuntary layoffs across all departments, with the expectation that remaining employees would embrace AI tools.
Spinrite, a 73-year-old yarn manufacturing company based in Listowel, Ontario, has shut down its flagship manufacturing facility, eliminating 140 jobs. The company will also close its on-site brick-and-mortar outlet store in September, though its distribution office and online operations will continue.
Scotiabank laid off approximately 2,495 employees in Toronto on June 1, 2025, after notifying the federal government of the group termination in late February. The bank had requested waivers from certain Canada Labour Code obligations, though the government confirmed the employer met its obligations under the code.
Western University's Faculty of Arts and Humanities laid off four support staff over the summer as part of a restructuring that introduced a new team-based staffing model. The layoffs prompted a protest by approximately 50 demonstrators on October 24, 2025, with union leaders arguing the cuts were vital positions that would strain remaining faculty members.