06/01/2026
May saw continued layoffs and restructuring across Canada and globally, impacting sectors including tech, telecom, retail, education, finance, automotive, and energy.
Notable workforce reductions and restructuring announcements this past month include:
• Wix is reportedly planning to eliminate approximately 20% of its workforce
• Bungie planning significant job cuts as Destiny 2 development winds down
• BT Group is projecting more than 27,000 job reductions by 2030
• Intuit is planning to reduce approximately 17% of its workforce
• Meta is continuing large-scale restructuring and workforce reductions
• Amazon is downsizing portions of its Selling Partner Services team
• Cisco Systems is cutting nearly 4,000 roles globally
• Walmart is reportedly eliminating or relocating approximately 1,000 corporate roles
• LinkedIn is planning to reduce approximately 5% of its workforce
• The Toronto District School Board is eliminating approximately 218 administrative roles
• General Motors is cutting hundreds of salaried IT positions globally
• Cloudflare reportedly planning workforce reductions tied to AI restructuring
• Imperial Oil is eliminating 130 positions during the first quarter of the year
• BCE terminating non-unionized employees tied to alleged “coffee badging” concerns
• Arctic Wolf is reportedly reducing approximately 250 positions
• PayPal signalling significant workforce reductions over the next several years
• Coinbase is planning to eliminate approximately 14% of its workforce
• Shopify is reportedly cutting additional positions as part of restructuring efforts
• Algoma University is planning to eliminate between 50 and 75 positions
• Cognizant is indicating potential large-scale workforce reductions tied to restructuring plans
This is not simply a temporary slowdown. Employers across multiple sectors continue to reevaluate staffing models, operational costs, remote work arrangements, automation, and long-term workforce planning strategies.
Minken Employment Lawyers (Est. 1990) regularly advises employers and employees on layoffs, workforce restructuring, severance, wrongful dismissal claims, and employment law compliance.
📞 905-477-7011
📩 [email protected]
🌐 minkenemploymentlawyers.com