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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 163 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
#37
by total headcount
Total since 2020
All time
3K
Across 80 roundsRank #37
Last 12 months
Recent
163
↓ 94% YoY
Companies tracked
Breadth
59
across 8 industriesFintech leads
Global city rank
vs cities
#37
0.3% of global totalof 199 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
675 companies tracked since 2020.
675 COMPANIES · 301K CUT →
United States
Seattle layoffs
90 companies tracked since 2020.
90 COMPANIES · 119K CUT →
United States
Austin layoffs
53 companies tracked since 2020.
53 COMPANIES · 46K CUT →
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