Align Layoffs: 700 jobs being cut in global restructuring after Q3 revenue miss

What’s happening at Align Technology?

Align Technology, the maker of Invisalign clear teeth aligners, has announced a global restructuring plan that includes 700 job cuts after missing third-quarter revenue targets. The Arizona-based company reported lower-than-expected demand, especially among younger patients, leading to a disappointing financial performance and subsequent workforce reductions.

• Q3 Revenue Miss: Align reported $977.9 million in revenue for Q3, down 4.9% from the previous quarter and below the Wall Street estimate of $987.34 million.
• Job Cuts and Restructuring: While Align has not disclosed specific layoff numbers, the company anticipates $30 million in severance expenses in Q4, indicating significant reductions or transfers as part of the restructuring.
• Industry Trends: CEO Joe Hogan cited a sluggish U.S. dental market, with consumers facing inflation and opting to defer non-essential healthcare expenses.

Next steps

Non-unionized employees affected by layoffs at Align Technology 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 Align employees by visiting our detailed Align Technology 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 Align Technology come amid a flurry of job cuts across Canada in 2024.

Notable companies reducing their workforce include STEMCELL Technologies, 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.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and should not be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.