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Home/Cities/Toronto
CA
Canada
Fintech hub

Toronto layoffs, tracked in full.

Toronto has seen 1K job cuts across 16 tracked rounds since January 2020 — roughly 0.2% of all layoffs in our global dataset. The last 12 months alone saw 83 layoffs.

Last updated
City snapshot
1K
people laid off since Jan 2020
Companies tracked
6
active + historical
Rounds
16
total events
Top industry
Fintech
51% of cuts
Global city rank
#54
by total headcount
Total since 2020
All time
1K
Across 16 roundsRank #54
Last 12 months
Recent
83
↓ 93% YoY
Companies tracked
Breadth
6
across 4 industriesFintech leads
Global city rank
vs cities
#54
0.2% of global totalof 137 cities
By industry · Toronto· Since 2020

Which industries cut deepest.

Fintech
9 ROUNDS
51% of Toronto cuts
652
PEOPLE
Food & Beverage
3 ROUNDS
20%
257
PEOPLE
Mobility
2 ROUNDS
18%
226
PEOPLE
AI / ML
2 ROUNDS
12%
153
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
Recent events · Toronto· Latest

The latest Toronto layoffs.

View all events →
Severity
Event
Location · When
Headcount
Source
High
B
BenchSci
BenchSci Layoffs — 2025-08-12
Toronto ·
83
theglobeandmail.com ↗
Low
F
FreshBooks
FreshBooks Layoffs — 2024-10-01
Toronto ·
140
freshbooks.com ↗
High
B
BenchSci
BenchSci Layoffs — 2024-01-08
Toronto ·
70
betakit.com ↗
Moderate
F
FreshBooks
FreshBooks Layoffs — 2023-11-15
Toronto ·
—
betakit.com ↗
Severe
R
Ritual
Ritual Layoffs — 2023-06-21
Toronto ·
38
theglobeandmail.com ↗
High
F
FreshBooks
FreshBooks Layoffs — 2023-03-21
Toronto ·
80
betakit.com ↗
Low
C
Clutch
Clutch Layoffs — 2023-01-17
Toronto ·
150
theglobeandmail.com ↗
Severe
C
ClearCo
ClearCo Layoffs — 2023-01-16
Toronto ·
50
betakit.com ↗
Continue reading

Other cities tracked.

View all →
United States
SF Bay Area layoffs
204 companies tracked since 2020.
204 COMPANIES · 286K CUT →
United States
Seattle layoffs
22 companies tracked since 2020.
22 COMPANIES · 101K CUT →
United States
Austin layoffs
11 companies tracked since 2020.
11 COMPANIES · 45K CUT →
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