Monthly Summary
February 2026
The Canada Border Services Agency is reducing its workforce by 348 employees and has sent notices of potential layoffs to 708 people, with cuts exclusively affecting national headquarters branches. The job cuts are in response to a 2% budget reduction of approximately $52 million and are part of the federal government's broader effort to reduce its workforce by 16,000 full-time equivalent positions over the next three years.
Bank of Montreal has reduced its workforce by more than 670 jobs since the third quarter of 2025 — with its Q1 2026 earnings release revealing that it took a $202-million pre-tax severance charge in the quarter.
eBay is eliminating approximately 800 jobs, or around 6% of its global workforce, in 2026. eBay employs approximately 480 people in Canada.
BMO announced workforce reductions of 600+ jobs as part of efforts to improve operational efficiencies. The layoffs affect the Canadian financial services sector.
TD Bank announced a 3% workforce reduction as part of restructuring efforts to boost productivity and minimize real estate investments. The layoffs were announced in December 2025, revised from an earlier 2% reduction proposed in May 2025.
The Department of Justice is cutting approximately 73 employees from its Indigenous rights and relations unit, representing more than one-fifth of the 328 at-risk positions across the entire department. The Treasury Board's latest numbers show the Justice Department plans to cut 197 employees and 37 executives.
The Nova Scotia government's 2026 budget includes more than $300 million in cuts affecting approximately 1,000 full-time equivalent jobs across the civil service and broader public sector. The cuts target management and administration roles rather than front-line services, with job reductions to be achieved by January 2027, with the Justice and Social Development departments expected to take the biggest hit.
Panasonic is reportedly planning to cut around 12,000 jobs as part of a broader restructuring, according to Nikkei. The company is also set to transfer its television sales operations in North America and Europe to Chinese appliance maker Skyworth Group in April 2026. It remains unclear how many of the layoffs will affect Canadian employees.
De Beers has begun workforce reduction talks with approximately 5% of employees at the Gahcho Kué diamond mine in the Northwest Territories, affecting around 25 workers out of the mine's 500-person workforce. The layoffs result from the company's decision to pause the Tuzo Phase 3 expansion project due to challenging rough diamond trading conditions and market uncertainty.
Nova Scotia's Department of Natural Resources laid off 7 non-unionized staff members as part of a restructuring to prioritize economic development and resource-based growth. The layoffs included senior wildlife division positions such as the manager of biodiversity, manager of ecosystems and habitats, and director of wildlife, prompting concerns from conservation groups about the impact on environmental protection in the province.
Rogers Communications laid off over 100 internal IT support roles across several provinces at the start of 2026, mainly affecting Ontario, as it expands work with a third-party vendor that plans to hire most of the affected staff, with no expected impact on employee support services.
Arcadis cut 1,100 jobs in 2025, with many of the layoffs occurring in Canada where the company faced a disappointing real estate market, staff shortages, and rising material prices. The Dutch consulting and engineering firm expects further layoffs in 2026 due to inflation and political uncertainty affecting client project decisions worldwide.
New Gold is eliminating approximately 85 jobs at its New Afton mine in Kamloops, British Columbia. “This reduction is part of the project cycle at the New Afton mine and is unrelated to Coeur Mining’s planned [US$7-billion] acquisition,” the Toronto-based gold miner said in a news release.
Rivalry Corporation announced substantial workforce reductions and cost cuts following suspension of deposits and wagering on its betting and gaming platform. The company suspended player activity and is exploring strategic alternatives including asset-level transactions, corporate transactions, or restructuring.
The Parole Board of Canada will eliminate 37 positions.
For departments outside the core public service, the Canadian Food Inspection Agency has told CTV News Ottawa 587 positions will be cut in its department.
Ubisoft is laying off 40 employees at its Toronto studio as part of a broader cost-saving initiative.
In February 2026, Netflix announced the layoff of “several dozen” employees in its global product division as part of an internal restructuring following a leadership shift. The cuts primarily affected middle management and administrative roles, with fewer than 1% of the division’s roughly 6,000 employees impacted. No senior executives were reported to have been let go. The layoffs coincide with the promotion of Elizabeth Stone to Chief Product and Technology Officer. It remains unclear whether any Canadian staff were affected by this round of job cuts.
The Canadian Food Inspection Agency is planning to cut over 500 jobs as part of the federal government's larger workforce reduction strategy. The Public Service Alliance of Canada, another union speaking for CFIA workers, has said 1,371 employees at the agency have received workforce adjustment notices. The Professional Institute of the Public Service of Canada staged a demonstration in downtown Ottawa to protest the cuts, warning of impacts on disease surveillance and emergency response.
The National Research Council facility in Winnipeg is laying off 12 employees as part of a federal government plan to reduce public service employee numbers. The layoffs were confirmed on February 13, 2026.
London Machinery is laying off approximately 50 of its 200 workers and shifting production to a new plant in Iowa in response to 25% tariffs imposed on Canadian goods sold to the U.S. The London facility will remain open and continue manufacturing concrete mixers for the Canadian market.
7 employees from the Canadian Museum for Human Rights have been laid off as part of federal government belt-tightening measures. The layoffs are part of a broader federal cost-cutting program.
General Motors laid off more than 1,000 employees at its CAMI Assembly plant in Ingersoll, Ontario due to the end of BrightDrop electric-vehicle production, with an additional 500 employees affected at the Oshawa Assembly plant. The Conservative Party is calling on the federal government to reduce withholding taxes on severance packages for the affected workers.
Premier David Eby announced that 2,000 public service jobs have been eliminated as part of an expenditure management and efficiency review, with more cuts expected in the 2026 budget. The province is targeting administrative positions that do not support front-line service delivery while facing an $11.2 billion deficit.
Palliser Furniture laid off approximately 40 workers in early 2026 due to staffing reorganization and the impact of Trump-era tariffs. At the same time, the company hired about 20 workers for other manufacturing roles at its Winnipeg plant. The layoffs mainly affected employees doing wood frame building, foam cutting, and assembly, while new hires focus on cutting and sewing material, previously done in Mexico.
In May 2025, CIBC eliminated more than 500 positions at its credit card call centre in Toronto as part of an operational restructuring. The cuts were tied to efforts to streamline operations and improve efficiency within the bank’s credit card services division.
AWS confirmed that employees in the United States and Canada were notified of layoffs on January 28, 2026, as part of Amazon's broader 16,000 employee reduction. AWS declined to disclose the specific number of Canadian employees affected, roles impacted, or business segments involved in the restructuring. It remains unclear how many Canadian staff were affected by this round of job cuts.
TORONTO — Bell Media has announced the layoff of 60 employees as part of its ongoing transformation of its digital media operations. Sara McLaren, Bell Media’s director of communications, emphasized that no positions related to newsgathering or reporting were affected. However, Unifor stated in a news release that on Wednesday, 20 of its members were impacted by the cuts, including 11 journalists working in Toronto, North Bay, Halifax, and Calgary.
Parks Canada is facing a 15 per cent annual budget reduction until 2027, with total spending to decrease by 32.5 per cent by 2027-28, affecting staffing across the country. Full-time equivalents will drop from 6,030 in 2026 to 5,285 by 2027-28, a decline of 13.3 per cent, potentially impacting programming and visitor services at national historic sites in Nova Scotia.
Global Affairs Canada is eliminating 483 positions as part of a government-wide workforce adjustment, affecting 3,295 of its 7,657 employees. The department is targeting $1.12 billion in annual savings through 2028-29, prioritizing voluntary departures and natural attrition.
Library and Archives Canada is eliminating 161 positions (152 employees and 9 executives) as part of the federal government's Comprehensive Expenditure Review (Budget 2025). This total includes vacant positions, projected attrition, and positions to be eliminated through formal workforce adjustment. Of these, 56 currently filled positions (53 employees and 3 executives) are undergoing formal Workforce Adjustment (WFA) or Career Transition (CT) proceedings — the most direct indicator of employees facing displacement. 94 "affected" or "at-risk" status letters have been issued (90 to employees, 4 to executives). These notices indicate potential impact and do not necessarily result in departure from the public service. The organization employs 1,138 people in the core public administration as of March 2025. Notifications were issued in Phase 3 of the Government of Canada's workforce reduction process.
Canada Border Services Agency is eliminating 386 positions (363 employees and 23 executives) as part of the federal government's Comprehensive Expenditure Review (Budget 2025). This total includes vacant positions, projected attrition, and positions to be eliminated through formal workforce adjustment. Of these, 348 currently filled positions (330 employees and 18 executives) are undergoing formal Workforce Adjustment (WFA) or Career Transition (CT) proceedings — the most direct indicator of employees facing displacement. 708 "affected" or "at-risk" status letters have been issued (686 to employees, 22 to executives). These notices indicate potential impact and do not necessarily result in departure from the public service. The organization employs 17,234 people in the core public administration as of March 2025. Notifications were issued in Phase 3 of the Government of Canada's workforce reduction process.
A federal Crown lender is preparing for job cuts, lining up outside counselors to provide “emotional support” to staff as cabinet moves ahead with plans to eliminate 1,000 executive positions across government. The exact number of layoffs is not yet determined. The bank employs about 2,600 people and has sharply expanded its management ranks. The number of six-figure executives at Farm Credit Canada climbed 45% over the past decade, rising from 22 positions to 31.
LOVE Nova Scotia, a Black-led anti-violence organization, laid off four full-time and one part-time staff member due to a $317,500 provincial funding cut representing 39% of the organization's budget. The organization was forced to cancel programs that supported youth development and career growth in the North Preston community.
Royal Canadian Mounted Police is eliminating 173 positions (150 employees and 23 executives) as part of the federal government's Comprehensive Expenditure Review (Budget 2025). This total includes vacant positions, projected attrition, and positions to be eliminated through formal workforce adjustment. Of these, 76 currently filled positions (63 employees and 13 executives) are undergoing formal Workforce Adjustment (WFA) or Career Transition (CT) proceedings — the most direct indicator of employees facing displacement. 285 "affected" or "at-risk" status letters have been issued (264 to employees, 21 to executives). These notices indicate potential impact and do not necessarily result in departure from the public service. The organization employs 11,220 people in the core public administration as of March 2025. Notifications were issued in Phase 3 of the Government of Canada's workforce reduction process.
Fanshawe College announced an additional 163 job cuts, bringing the total workforce reduction target from 400 to 500 positions, despite receiving new provincial funding. The cuts are driven by lower-than-expected enrollment following federal restrictions on international students, with the college projecting 17,200 current students compared to 22,000 the previous year.
Smurfit Westrock will permanently close one paper machine at its La Tuque mill and an extrusion facility in Pointe-aux-Trembles, Quebec, resulting in approximately 90 workforce reductions (30 at La Tuque and 60 at Pointe-aux-Trembles). The closure addresses ongoing scale and cost challenges with the paper machine's 127,000 ton annual production capacity of solid bleached sulfate (SBS) products.
Coca-Cola Canada announced the discontinuation of frozen juice production at its Minute Maid facility in Peterborough, Ontario, resulting in 6 permanent layoffs—significantly less than the initially projected 40 job losses. The union negotiated enhanced severance packages and ensured all remaining employees would stay in Peterborough as other Minute Maid products continue to be produced at the facility.