Monthly Summary
May 2025
McGill University laid off 60 employees last year to address a projected $45-million deficit. While the university has approved a balanced budget for 2026-27, it is forecasting deficits of $33 million in 2027-28 and $55 million in 2028-29.
Fanshawe College in London, Ontario is eliminating 400 full-time jobs (35% of its workforce) due to new caps on international students and provincial underfunding. The college is also suspending enrolment in 40 of its 220+ programs, with its international student population dropping from 8,500 to 4,200 students.
Rennie cut its Vancouver headquarters office workforce from 123 to 92 staff members due to prolonged weakness in condominium pre-sales across Metro Vancouver and broader structural economic headwinds. The layoff was driven by continued market challenges in British Columbia and Canada, as well as accelerating technological trends in real estate marketing practices.
The Canada Revenue Agency laid off approximately 1,800 call center employees in May and June 2025, but subsequently rehired about 160 agents and extended contracts for others following public complaints about long wait times. The agency is implementing a 100-day improvement plan that includes self-service expansion, AI chatbot deployment, and increased staffing to address service delivery issues.