Hudson’s Bay cuts 1% workforce in 2024 organizational ‘realignment’

What’s happening at Hudson’s Bay?

Hudson’s Bay Company (HBC) is scaling back its staffing levels as part of a “realignment” of its organizational structure.

According to The Canadian Press, the reduction will affect less than one per cent of the retail giant’s workforce, or fewer than 100 jobs.

HBC claims that the “right-sizing” is being done to ensure the long-term success of its business — citing pressures in the Canadian retail sector.

According to LinkedIn, the company employs more than 5,000 people in the country.

SEE ALSO
• Hudson’s Bay to close Burlington Centre location in June
• Hudson’s Bay cuts 250 corporate jobs, second mass layoff in months
• Cascades laying off 310 employees, closing Trenton, Belleville plants

Termination agreements for Hudson’s Bay employees

In Canada, non-unionized employees at Hudson’s Bay 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 Hudson’s Bay come amid a flurry of layoffs in 2024.

Big names, including Tesla, Rivian, Google, Whirlpool, SAP Canada, IBM Canada, Netflix, EXL Service, Best Buy, Relic Entertainment, Intel, and Amazon, have also pulled out the axe as they continue to navigate challenging economic conditions.

SEE ALSO
• Shell to lay off 20% of deals division, part of restructuring
• Walmart Canada cuts jobs amid restructuring, shift to Spark: Reports
• 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.