STEMCELL Technologies Layoffs: Second round of 2024 cuts affects over 100 jobs
What’s happening at STEMCELL Technologies?
Samfiru Tumarkin LLP has learned that STEMCELL Technologies, a Vancouver-based biotech company, laid off more than 100 employees on November 5, according to staff who have contacted the firm for legal guidance. News of the layoffs have also circulated on social media. This is the company’s second major layoff this year, with the previous one occurring in June.
STEMCELL Technologies develops and manufactures cell culture media and cell separation tools used in stem cell, immunology, and cancer research.
Next steps
Non-unionized employees affected by layoffs at STEMCELL Technologies are entitled to full severance pay in Canada. This includes individuals working in any capacity – full-time, part-time, hourly, or as “independent contractors” – in Ontario, Alberta, and British Columbia.
Key Severance Facts:
- Severance Pay: Can be up to 24 months’ pay, depending on role, length of service, age, and other factors. Learn more with our severance pay resource.
- What’s Included: In addition to salary, severance may cover bonuses, commissions, and other compensation.
- Deadlines: You have up to two years from your termination date to pursue severance, regardless of any employer-imposed deadlines, which are not legally enforceable.
- Get Help: Contact Samfiru Tumarkin LLP for a severance review and to get proper compensation.
Learn more about severance rights for STEMCELL Technologies employees by visiting our detailed STEMCELL Technologies severance packages page.
Before you sign a severance package
Use our free Severance Pay Calculator to confirm if your offer is fair. This interactive tool has helped millions of Canadians confirm their entitlements. If you offer is less than the calculator’s estimate, you may have grounds for a wrongful dismissal claim – reach out to our team at Samfiru Tumarkin LLP for guidance.
LEARN MORE
• Severance pay for provincially regulated employees
• Rights to severance during mass layoffs
• Severance entitlements in a recession
WATCH: Employment lawyer Lior Samfiru explains severance rights if you’ve been downsized, on an episode of the Employment Law Show.
Major layoffs in 2024: Industry-wide impact
The layoffs at STEMCELL Technologies come amid a flurry of job cuts across Canada in 2024.
Notable companies reducing their workforce include Manulife, Dropbox, Visa, Nokia, RioCan, Meta, Boeing, and Deloitte have recently made cuts as companies adjust to economic challenges.
Talk to an employment lawyer
If you’re facing job loss or workplace issues, explore your options with our Pocket Employment Lawyer tool or contact the experienced team at Samfiru Tumarkin LLP.
Our lawyers in Ontario, Alberta, and B.C. have successfully represented tens of thousands of non-unionized employees. Beyond severance packages, we can assist with issues like:
Get the advice you need and the compensation you deserve.
About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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