Tech companies, retailers and more have all begun shedding members of their workforce in a bid to navigate the economic downturn.BCE Inc.: The Montreal-based telecommunications giant said on Feb. 8 it was cutting 4,800 jobs"at all levels of the company," although some of the job losses were to come from vacancies and natural attrition rather than layoffs.
Canada Goose Holdings Inc.: The Toronto-based luxury apparel maker said in March that it was laying off 17 per cent of its global corporate workforce to put the company"in a better position for scaling." CPA Canada: Chartered Professional Accountants of Canada said on Feb. 12 that it was cutting 20 per cent of its workforce ahead of a move by provincial oversight bodies in Ontario and Quebec to split from the national organization.
General Motors: In August, the automaker laid off a"small percentage" of workers in Canada as a part of a wider headcount reduction in its software and services units affecting more than 1,000 salaried employees worldwide. Indigo Books & Music Inc.: The retailer laid off an unspecified number of staff in January as part of its ongoing efforts to streamline its operations following losses, a cyberattack and leadership changes. The company agreed to be purchased and taken private in April.
Lynx Air: The low-cost airline said it would cease operations in late February. Court documents showed it had 500 employees. Rona Inc.: The Boucherville, Que., home improvement retailer announced plans to axe 300 jobs and close distribution centres in Terrebonne, Que., and Calgary in January as part of a plan to adjust its operating model and eliminate inefficiencies.