Monthly Report
Canada Layoff Monthly Report: February 2026
Tracked layoff headcount increased by 12% from last month, moving from 12,909 to 14,513 people.
People laid off
14,513
+1,604 vs last month
Events
38
+3 vs last month
Companies
37
+2 vs last month
Month-over-month
+12%
+12% vs last month
Summary
During February 2026, LayoffsCanada tracked 38 layoff events across 37 companies, affecting 14,513 workers. The largest provincial concentration was Canada-wide. The leading industry was Government. The largest company-level impact was reported by Toronto-Dominion Bank (TD).
Province distribution
| Name | People | Events |
|---|---|---|
| Canada-wide | 6,654 | 15 |
| Ontario | 3,948 | 13 |
| British Columbia | 2,000 | 1 |
| Nova Scotia | 1,757 | 4 |
| Quebec | 90 | 1 |
| Manitoba | 39 | 3 |
| Northwest Territories | 25 | 1 |
City distribution
| Name | People | Events |
|---|---|---|
| Toronto | 3,000 | 2 |
| Ottawa | 1,841 | 5 |
| Ingersoll | 1,500 | 1 |
| Halifax | 745 | 1 |
| Windsor | 348 | 1 |
| London | 213 | 2 |
| La Tuque and Pointe-aux-Trembles | 90 | 1 |
| Yellowknife | 25 | 1 |
Industry distribution
| Name | People | Events |
|---|---|---|
| Government | 6,440 | 15 |
| Finance & Insurance | 4,840 | 6 |
| Manufacturing | 1,666 | 5 |
| Other | 1,000 | 3 |
| Education | 163 | 1 |
| Media & Telecom | 160 | 2 |
| Energy | 110 | 2 |
| Technology | 100 | 2 |
Company distribution
| Name | People | Events |
|---|---|---|
| Toronto-Dominion Bank (TD) | 3,000 | 1 |
| Government of British Columbia | 2,000 | 1 |
| General Motors | 1,500 | 1 |
| Nova Scotia Government | 1,005 | 2 |
| Arcadis | 1,000 | 1 |
| Parks Canada | 745 | 1 |
| Bank of Montreal | 670 | 1 |
| BMO | 670 | 1 |