SIVL
EventsCompaniesCountriesCitiesIndustriesMethodology
SIVL
EventsCompaniesCountriesCitiesIndustriesMethodology
Home/Cities/Toronto
CA
Canada
Fintech hub

Toronto layoffs, tracked in full.

Toronto has seen 3K job cuts across 80 tracked rounds since January 2020 — roughly 0.3% of all layoffs in our global dataset. The last 12 months alone saw 80 layoffs.

Last updated
City snapshot
3K
people laid off since Jan 2020
Companies tracked
59
active + historical
Rounds
80
total events
Top industry
Fintech
37% of cuts
Global city rank
#39
by total headcount
Total since 2020
All time
3K
Across 80 roundsRank #39
Last 12 months
Recent
80
↓ 97% YoY
Companies tracked
Breadth
59
across 8 industriesFintech leads
Global city rank
vs cities
#39
0.3% of global totalof 200 cities
By industry · Toronto· Since 2020

Which industries cut deepest.

Fintech
17 ROUNDS
37% of Toronto cuts
797
PEOPLE
Food & Beverage
4 ROUNDS
15%
332
PEOPLE
E-commerce
10 ROUNDS
11%
229
PEOPLE
Mobility
3 ROUNDS
10%
226
PEOPLE
AI / ML
3 ROUNDS
8%
173
PEOPLE
Customer Support Tech
4 ROUNDS
6%
140
PEOPLE
Restaurant Tech
1 ROUNDS
6%
131
PEOPLE
Developer Tools
4 ROUNDS
6%
127
PEOPLE
Top companies · Toronto

Where the cuts landed.

Top companies
#01
FreshBooks
FINTECH · 5 ROUNDS
258
#02
Ritual
FOOD & BEVERAGE · 3 ROUNDS
257
#03
ClearCo
FINTECH · 3 ROUNDS
235
#04
Clutch
MOBILITY · 2 ROUNDS
226
#05
Wealthsimple
FINTECH · 1 ROUNDS
159
#06
BenchSci
AI / ML · 2 ROUNDS
153
#07
TouchBistro
RESTAURANT TECH · 1 ROUNDS
131
Recent events · Toronto· Latest

The latest Toronto layoffs.

View all events →
Severity
Event
Location · When
Headcount
Source
Moderate
D
Dayforce
Dayforce Layoffs — 2026-02-11
Toronto ·
—
Internal memo
Moderate
T
Tenstorrent
Tenstorrent Layoffs — 2025-12-09
Toronto ·
80
eetimes.com ↗
High
B
BenchSci
BenchSci Layoffs — 2025-08-12
Toronto ·
83
theglobeandmail.com ↗
Moderate
D
Dayforce
Dayforce Layoffs — 2025-02-26
Toronto ·
—
marketwatch.com ↗
Low
F
FreshBooks
FreshBooks Layoffs — 2024-10-01
Toronto ·
140
freshbooks.com ↗
Severe
S
Sampler
Sampler Layoffs — 2024-08-15
Toronto ·
—
betakit.com ↗
Moderate
C
Cohere
Cohere Layoffs — 2024-07-23
Toronto ·
20
fortune.com ↗
Moderate
TH
Top Hat
Top Hat Layoffs — 2024-02-02
Toronto ·
35
betakit.com ↗
Continue reading

Other cities tracked.

View all →
United States
SF Bay Area layoffs
676 companies tracked since 2020.
676 COMPANIES · 303K CUT →
United States
Seattle layoffs
91 companies tracked since 2020.
91 COMPANIES · 119K CUT →
United States
Austin layoffs
53 companies tracked since 2020.
53 COMPANIES · 46K CUT →
Monday Brief

Every Monday, the global layoff picture in your inbox.

A tight 4-minute read: the biggest rounds from the week, shifts by industry and country, and the single chart that matters most. Read by journalists, investors, and HR teams across 14 countries.

Free foreverUnsubscribe anytimeNo spam
SIVL

Workforce intelligence for journalists, researchers, and builders.

Top Companies
VolkswagenOracleVolkswagen GroupAmazonBTMetaMicrosoftInstagramDellMeta PlatformsEstée LauderSalesforceBlockLos Angeles Unified School DistrictPayPalCiscoHPSynopsysVerizon CommunicationsXboxAll companies →
Top Industries
Big TechConsumer AppsFintechHardwareEnterprise SaaSCloud InfrastructureSocial MediaSemiconductorsProductivity & CollaborationGamingHR TechLogistics & Supply ChainMarketplaceAutomotive / EVMarTechAll industries →
Top Cities
SF Bay AreaSeattleAustinLos AngelesSydneyBengaluruTel AvivDetroitGrand RapidsFayettevilleChicagoBostonVeldhovenStockholmPhoenixAll cities →
Top Countries
GermanyUnited StatesUnited KingdomIndiaAustraliaIsraelNetherlandsSwedenCanadaAll countries →
Resources
About SIVLMethodologyFAQEventsEmbed chartsContactPrivacyTerms
© 2026 SIVL · Workforce intelligence, globally.
PrivacyTerms