Weekly Report
Canada Layoff Report: May 26 - Jun 1, 2025
Tracked layoff headcount increased by 4440% from last week, moving from 60 to 2,724 people.
People laid off
2,724
+2,664 vs last week
Events
4
+3 vs last week
Companies
4
+3 vs last week
Week-over-week
+4440%
+4440% vs last week
Summary
During the week of May 26 - Jun 1, 2025, 4 layoff events were recorded across Canada, affecting 2,724 workers at 4 companies. That is up 4440% from 60 workers tracked the prior week.
By province, Ontario with 2,639 workers (97%), and British Columbia with 85 workers (3%).
By industry, the most affected sectors were Finance & Insurance with 2,495 workers (92%), Manufacturing with 140 workers (5%), and Technology with 85 workers (3%).
Notable companies reporting layoffs this week include Scotiabank (2,495 workers), Spinrite (140 workers), Klue Labs Inc. (85 workers), and Western University (4 workers).
Province distribution
| Name | People | Events |
|---|---|---|
| Ontario | 2,639 | 3 |
| British Columbia | 85 | 1 |
City distribution
| Name | People | Events |
|---|---|---|
| Toronto | 2,495 | 1 |
| Listowel | 140 | 1 |
| Vancouver | 85 | 1 |
| London | 4 | 1 |
Industry distribution
| Name | People | Events |
|---|---|---|
| Finance & Insurance | 2,495 | 1 |
| Manufacturing | 140 | 1 |
| Technology | 85 | 1 |
| Education | 4 | 1 |
Company distribution
| Name | People | Events |
|---|---|---|
| Scotiabank | 2,495 | 1 |
| Spinrite | 140 | 1 |
| Klue Labs Inc. | 85 | 1 |
| Western University | 4 | 1 |