US EditionRogers says it is offering voluntary buyouts in response to cost pressures
Rogers is offering voluntary departure packages to about 50% of its 25,000 employees as it cuts costs and trims 2026 capital spending by 30%.
- On Monday, Rogers Communications Inc. began offering voluntary departure and retirement packages to 50 per cent of its 25,000 employees across numerous business divisions, though the company did not specify a target reduction.
- CEO Tony Staffieri told shareholders that Rogers must reduce capital investment by 30 per cent, or up to $1.2 billion, to address what he described as a "punitive" regulatory environment and competitive pressures.
- Financial reports from last week show Rogers earned a profit of $438 million on $5.48 billion in revenue, reflecting growth compared to the first quarter of 2025.
- Most business units are eligible for the buyouts, but unionized staff, on-air talent, and employees at Sportsnet, Maple Leaf Sports and Entertainment, and the Toronto Blue Jays are excluded.
- Spokesperson Zac Carreiro stated the company is adjusting its cost structure to reflect business realities, a move following an industry-wide slowdown in telecom revenue growth in recent years.
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25 Articles
Rogers' voluntary buyouts could signal further industry cuts to come: analyst
TORONTO — While it’s yet to be determined how many employees will accept Rogers Communications Inc.’s latest buyout offer, an analyst says it could mark the start of a cost-cutting wave throughout the telecommunications industry. Rogers said Monday it is offering voluntary departure and retirement packages to an undisclosed number of its employees, with Bloomberg The post Rogers’ voluntary buyouts could signal further industry cuts to come: anal…
Rogers’ voluntary buyouts could signal further industry cuts to come: analyst
TORONTO - While it's yet to be determined how many employees will accept Rogers Communications Inc.'s buyout offer, an analyst says it could mark the start of a cost-cutting wave throughout the telecommunications industry.
Rogers Layoffs: Canada's Rogers Communications Offers Buyouts to Half of Workforce Amid Telecom Slowdown | 📲 LatestLY
Rogers Communications is offering voluntary buyout and retirement packages to approximately half of its 25,000 employees. The move excludes frontline, unionised, and sports media staff. Driven by stagnant population growth and tighter immigration targets, the company aims to cut costs and boost free cash flow by 30 per cent. 📲 Rogers Layoffs: Canada's Rogers Communications Offers Buyouts to Half of Workforce Amid Telecom Slowdown.
Rogers Offers Buyout Packages to Roughly Half of 25,000 Employees Amid Cost-Cutting Push
Rogers Communications says it will be offering voluntary buyout packages to roughly half of its 25,000 employees nationwide as it pushes forward with cost-cutting measures amid rising competition and pricing pressure in the wireless market. The telecom company said the move is part of adjusting to the current business environment, noting that only some Rogers teams will be eligible for the voluntary departure and retirement packages. “We are tak…
The company plans to reduce its capital expenditures by 30% compared to last year and plans to adjust its cost structure.
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