Sep 29 – Oct 5, 2025

The Canada Revenue Agency reduced its workforce by roughly 10 per cent, eliminating more than 8,000 positions over a little over a year since May 2024, with many cuts at call centres. Finance Minister François-Philippe Champagne subsequently halted the call centre job cuts and directed the CRA to hire more staff to address service delays.

General Motors is cutting one of three shifts at its Oshawa plant in January 2026, resulting in approximately 2,000 layoffs. Despite the shift reduction, GM is investing $280 million to build the next generation of Chevrolet Silverados at the plant, which currently employs around 3,000 workers.

Scotiabank has reportedly conducted a new round of layoffs at its Toronto office, with positions being eliminated. According to reports, these roles are being outsourced to lower-cost foreign countries including India, the Philippines, and Latin American nations.

Imperial Oil announced it will eliminate 20% of its workforce (approximately 900 jobs) by the end of 2027, with most positions based in Calgary, as part of a global restructuring to increase efficiency and reduce annual expenses by $150 million. The remaining Calgary positions will be relocated to the Strathcona Refinery in Edmonton in late 2028, with the company maintaining a small presence in Calgary.

ExxonMobil announced a global restructuring plan that will cut 2,000 jobs worldwide, with some positions being eliminated in Newfoundland and Labrador. The company stated that ExxonMobil Canada will see a reduction of approximately 20 percent of positions by the end of 2027, though the exact number of N.L. job losses was not disclosed.

Thompson Rivers University in Kamloops, B.C. is laying off approximately 40 staff members (with union bumping considered) out of 65 initially notified, due to a $7-10 million budget deficit. The layoffs are part of broader cost-cutting measures and follow a federal decision to reduce international student permits, which has created financial pressures across Canadian universities.