Home Hardware Layoffs: Jobs cut in response to economic ‘constraints’

What’s happening at Home Hardware?

Home Hardware has scaled back its staffing levels to cap off May.

“We implemented a necessary reduction in our workforce to ensure the long-term sustainability and growth of our business in response to the constraints of the current economic landscape,” CEO Kevin Macnab said in an emailed statement to CTV News.

“As a privately held company, we are not disclosing the number of positions affected, however [we] conducted a careful, thoughtful, and comprehensive review to minimize the impact on our valued team members and dealers.”

According to LinkedIn, the home improvement retailer employs more than 3,200 people in Canada.

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• Under Armour slashing staff amid sales slump

Termination agreements for Home Hardware employees

In Canada, non-unionized employees at Home Hardware are owed full severance pay when they lose their jobs due to downsizing, corporate restructuring, or the closure of the business.

This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and B.C.

People working “on contract” or as a contractor may also be owed severance pay — given that many employees in Canada are often misclassified as independent contractors.

Severance can be as much as 24 months’ pay, depending on a number of factors.

WATCH: Employment lawyer Lior Samfiru explains what rights employees have if they are being fired or let go on an episode of the Employment Law Show.

Before accepting a severance offer, double-check the amount using our firm’s free Severance Pay Calculator. It has helped millions of Canadians determine their entitlements.

In addition to your salary, make sure to factor in any other elements of your compensation (i.e. bonuses, commission, etc.).

If your employer’s offer falls short of what our Severance Pay Calculator says you are owed, it’s very likely that you have been wrongfully dismissed and should contact an experienced employment lawyer at Samfiru Tumarkin LLP.

Non-unionized employees in Canada have up to two years from the date of their dismissal to pursue proper severance pay.

LEARN MORE
• Severance pay for provincially regulated employees
• Rights to severance during mass layoffs
• Severance entitlements in a recession

Major layoffs continue

The job cuts at Home Hardware come amid a flurry of layoffs in 2024.

Big names, including Lucid Motors, Tesla, Laurentian Bank, Indeed, Phoenix Labs, Xbox, Kenvue, Rivian Google, SAP Canada, IBM Canada, and Best Buy, have pulled out the axe as they continue to navigate challenging economic conditions.

SEE ALSO
• Bayer slashing 1,500 jobs in major 2024 restructuring
• Whirlpool Layoffs: 1,000 positions axed amid slow home sales
• Where are layoffs happening in Canada?

Lost your job? Talk to an employment lawyer

If you have been fired or let go for any reason, contact the experienced employment law team at Samfiru Tumarkin LLP.

Our lawyers in Ontario, Alberta, and B.C. have successfully represented tens of thousands of non-unionized individuals.

In addition to severance package negotiations, we can assist you on a broad range of employment matters, including:

If you are a non-unionized employee who needs help with a workplace issue, contact us or call 1-855-821-5900 to get the advice you need and the compensation you deserve.