Intel of Canada: Severance Packages
Intel of Canada (Intel Canada) is a technology company founded in 1974 by U.S.-based Intel Corporation (Intel).
The tech giant focuses on the wholesale distribution of computers and related products, including equipment and software, and is the world’s largest semiconductor chip manufacturer by revenue.
The computer company provides microprocessors for manufacturers like Acer, Lenovo, HP and Dell. Intel also builds motherboard chipsets, interface systems, flash memory, graphics chips and other devices.
While Intel itself is headquartered in Santa Clara, California, its Canadian operations are spread out among offices in Toronto, Vancouver and Montreal, and employs thousands of people in various roles. Those positions include executives, managers, design and software engineers, recruiters and sales staff.
Layoffs at Intel
- July 2024: Intel is planning thousands of job cuts to reduce costs and fund a $10B rebound strategy.
- April 2024: Intel has reportedly eliminated an unspecified number of positions in its sales and marketing division.
- May 2023: Intel is cutting an unknown number of jobs after the company reported the largest ever quarterly loss.
- October 2022: Multiple media outlets report that Intel is planning a major layoff around Oct. 27 in an effort to cut costs amid a falling personal-computer market.
- April 2016: Intel is laying off 11% of its global workforce of approximately 12,000 employees amid a shift from PC computers to cloud computing.
Severance pay for Intel Canada employees
In Canada, non-unionized employees at Intel can get up to 24 months of severance pay when they are fired or laid off from their job. This applies to individuals working in any capacity—full-time, part-time, or hourly—in Ontario, Alberta, and British Columbia.
Severance is the compensation provided to non-unionized workers in Canada by their employer when they are terminated without cause.
Even if an employee is fired for cause, they may still be eligible for full severance pay. This is due to the high standards required to legally justify for-cause dismissal.
LEARN MORE
• Severance for provincially regulated employees
• Severance pay by company
• Federally regulated employees and severance pay
• Severance packages in mass layoffs
The right to severance pay is consistent regardless of economic conditions, company downsizing, business closures, or significant public health events, such as the COVID-19 pandemic.
WATCH: Employment lawyer Lior Samfiru explains everything you need to know about severance pay on an episode of the Employment Law Show.
The employment lawyers at Samfiru Tumarkin LLP have represented tens of thousands of employees over the years in severance package negotiations.
We have successfully secured much larger amounts for countless individuals employed across a variety of positions, from entry level jobs to executives.
How to properly calculate severance pay
There is a general belief that severance is one week’s pay, two weeks’ pay, or a week for every year of service an employee has with a company.
The reality is that severance for non-unionized employees in Canada is calculated using a variety of factors, including age, length of service, position, bonuses, benefits, and your ability to find new work.
To figure out how much compensation you may be entitled to, use our firm’s Pocket Employment Lawyer.
ADDITIONAL RESOURCES
• Severance Pay in Ontario
• Alberta severance packages
• Understanding severance in B.C.
• Layoffs in Canada
Don’t sign on the dotted line!
Do not accept any severance offer, termination papers, or exit agreement that you receive. Once you sign back these documents, you eliminate your ability to negotiate additional severance pay.
Generally speaking, if an employee does not receive the proper amount of severance pay when they lose their job, they may be considered to have been wrongfully dismissed. An employment lawyer at Samfiru Tumarkin LLP can analyze your situation and explain how much compensation you may be owed.
Talk to an employment lawyer
The experienced employment law team at Samfiru Tumarkin LLP has helped tens of thousands of non-unionized individuals across the country. In addition to severance package negotiations, our team has experience securing solutions for the following employment matters:
Our lawyers in Ontario, Alberta, and B.C. stand ready to help you solve your workplace issues.
If you are a non-unionized employee who needs help with an employment issue, contact us or call 1-855-821-5900 to 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.