Ingram Micro laying off 850 employees amid restructuring efforts following public listing

What’s happening at Ingram Micro?

Ingram Micro, a global IT distribution leader, is laying off approximately 850 employees as part of a company-wide restructuring effort, according to CRN. The layoffs are expected to conclude by the end of the first quarter of 2025. This marks the latest round of staff reductions for the company, which became publicly traded in October 2024 after years as a private entity.

The job cuts will affect various roles across the organization, with key changes including:

• Integration of digital and IT teams to cut costs and streamline operations.
• Transitioning from a shared services model to an exception-based approach.
• Restructuring specific country, business, and functional teams.

Official statements and context

CEO’s Message: In a letter to employees, CEO Paul Bay emphasized the necessity of these layoffs to position Ingram Micro for future success.

• “We are committed to supporting affected associates through this transition,” Bay wrote.
• “These decisions are never easy, but they are necessary to position our organization for future success.”
• Ingram Micro has not disclosed further specifics about the layoffs, citing the ongoing nature of the restructuring.

Previous Cuts: This announcement follows earlier layoffs in 2023, during which the company reduced its workforce by over 1,100 employees globally.

• As of its most recent U.S. Securities and Exchange Commission filing, Ingram Micro reported having over 24,100 full-time employees worldwide.

Employee support and next steps

Non-unionized employees in Canada affected by layoffs may be eligible for severance pay, which is determined by several factors, including role, tenure, and age.

Key facts about severance:

• Severance Pay: Can include up to 24 months’ pay in some cases, depending on specific circumstances.
• Components: Severance packages may include salary, bonuses, commissions, and other forms of compensation. Use our free Severance Pay Calculator to estimate what your package should look like.
• Deadlines: Employees have up to two years from their termination date to review and negotiate severance entitlements. Deadlines set by employers for accepting severance offers are not legally enforceable.
• Need guidance? Contact Samfiru Tumarkin LLP for a severance review and expert advice.

Employees affected by the layoffs at Ingram Micro can find additional details about their rights and options in our Ingram Micro Layoffs resource.

WATCH: Employment lawyer Lior Samfiru explains general severance rights on an episode of the Employment Law Show.

Major layoffs in 2024: Industry-wide impact

The Ingram Micro layoffs come amid broader trends in Canada’s employment market, with notable companies like Lightspeed, Cargill, Questrade, Salesforce, Kinaxis, and AMD also announcing workforce reductions as companies adjust to shifting economic challenges.

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

Talk to an employment lawyer

If you are facing job loss, contact Samfiru Tumarkin LLP to explore your options. Our experienced team can provide guidance on termination issues, severance packages, and workplace rights.