Morningstar slashes dozens of Sustainalytics jobs in April

What’s going on at Morningstar?

Morningstar has reportedly scaled back its Sustainalytics workforce by six per cent, or approximately 80 jobs.

“While this step was not taken lightly, it is necessary to ensure long-term strength and resilience,” a spokesperson told Responsible Investor.

The reduction comes as the financial services firm navigates “ongoing market challenges.”

Morningstar had a 40 per cent take in Sustainalytics in 2017, before acquiring all remaining shares in 2020.

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Impact on Canadian staff

It’s unclear if any Canadian members of Morningstar’s Sustainalytics division have been let go.

According to LinkedIn, the department employs more than 100 people in the country.

Next steps for Morningstar employees

If you’re fired or let go from Morningstar, understanding your legal rights is crucial.

Non-unionized employees in Canada are entitled to severance pay. The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.

WATCH: Employment lawyer Lior Samfiru delves into severance pay on an episode of the Employment Law Show.

Here’s what you need to know:

• Compensation: Severance packages, which can be as much as 24 months’ pay, may include salary, bonuses, commissions, and other forms of compensation. Use our firm’s free Severance Pay Calculator to better understand your entitlements.
• Deadlines: You generally have up to two years from the date of your termination to review and negotiate severance offers.
• Action steps: Consult an employment lawyer at Samfiru Tumarkin LLP to ensure your severance package is fair and aligns with Canadian employment laws.

Major employers slashing staff

The workforce reduction at Morningstar comes amid a flurry of job cuts in 2025.

Other big names, including Expedia Group, Infosys, Google, Alstom, Microsoft, S&S Activewear, Siemens, HPE, Wayfair, MLSE, Disney, Autodesk, JPMorgan, Vale, Canada Post, Workday, ADM, Amazon, and Shopify, have also pulled out the axe.

SEE ALSO
• Estée Lauder reportedly cut all Canadian staff in Hudson’s Bay stores
• Canada’s immigration department slashing workforce by 25%
• Where are layoffs happening in Canada?

Lost your job? Contact us

If you’ve been fired or let go from Morningstar, the experienced employment law team at Samfiru Tumarkin LLP can help.

Our lawyers in Ontario, Alberta, and B.C. have helped tens of thousands of non-unionized individuals resolve their workplace issues.

Call us today at 1-855-821-5900 or request a consultation online.

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.