Technology

Oracle cut 30,000 workers globally in a significant workforce reduction. The article references implications for Canadian employees with stock options.

Wix is planning to eliminate approximately 20% of its workforce, or around 1,000 roles, as part of a major restructuring. The cloud-based web development services provider is navigating a steep stock decline and rising AI-related costs.

Intuit is planning to eliminate approximately 17% of its workforce, or roughly 3,000 jobs globally. While it remains unclear if Canadian employees are affected, the company is looking to streamline operations and further integrate artificial intelligence into its services.

Arctic Wolf has eliminated approximately 250 roles in 2026, affecting multiple teams including sales, product development, and marketing. The cybersecurity vendor is restructuring to invest more in artificial intelligence through its superintelligence platform and agentic Security Operations Centre (SOC).

Coinbase is planning to eliminate approximately 14% of its global workforce (around 700 jobs) in 2026 as part of an AI-driven restructuring. The article notes that it remains unclear if Canadian employees at Coinbase are being affected, though the company has more than 350 workers in Canada.

Shopify restructured in April 2026, affecting more than 30 employees in Canada and the US. The layoff impacted multiple teams including operations and customer support.

Cognizant is planning to eliminate upwards of 4,000 jobs globally in 2026 as part of its $320-million "Project Leap" restructuring plan. The IT services and consulting company is setting aside approximately $270 million for employee-related costs, including severance pay.

Oracle laid off between 20,000 and 30,000 employees globally, including Canada, despite strong financial performance with 22% revenue growth and cloud expansion. The layoffs affected employees across multiple regions including America, India, Canada, and Latin America, with reports indicating senior employees and long-tenured veterans were disproportionately impacted.

GeoComply, a Vancouver-headquartered gaming cybersecurity company, announced it is cutting 15% of its workforce (68 employees out of 450 total). The company frames the layoffs as a strategic evolution aimed at streamlining operations and incorporating AI to improve efficiencies.

UKG, the HCM software company, is laying off approximately 950 employees globally as part of an ongoing transformation and workforce restructuring. The layoffs began April 15, 2026, with approximately 600 employees notified of immediate departure and another 350 asked to remain through August 31, 2026.

Ultimate Kronos Group (UKG) is eliminating around 950 jobs as part of a restructuring initiative. Canadian employees, numbering over 580 staff, were notified of the workforce reduction on April 14, 2026.

Ubisoft Halifax, a studio with 71 employees, was shuttered in early January 2026. The closure occurred shortly after employees voted to unionize, though Ubisoft attributed the decision to wider cost-cutting measures.

Meta is reportedly planning to eliminate around 200 roles in May 2026, following several hundred job cuts in March 2026. It remains unclear if any of Meta's 1,100+ Canadian employees will be affected by the May workforce reduction.

OpenText, a Waterloo-based technology company, has reportedly eliminated a significant number of jobs in March 2026 as part of what some employees describe as a recurring annual practice. The layoffs represent approximately 5% of the workforce and are characterized as part of a 'yearly spring cleaning' business optimization effort.

JD Power rescinded summer internship offers for approximately 25 Western University students just weeks before they were scheduled to start in May 2026. The company cited the shifting engineering and software landscape driven by AI and automation as reasons for reducing demand for entry-level roles.

EA has laid off developers across all four Battlefield Studios teams, including the Montreal-based Motive studio, despite Battlefield 6 being the best-selling game of 2025. The exact number of affected employees at each studio remains unclear, though EA stated the changes were made to better align teams around community priorities.

Lightspeed Commerce has significantly reduced headcount in its customer support team after AI resolved over 80 percent of inbound chat interactions. The company boosted overall gross margins through this AI-driven workforce reduction.

Loopio is reportedly cutting 30 positions in March 2026 as part of a restructuring effort. The specific details regarding affected provinces, cities, and percentage of workforce are not available from the title alone.

Vendasta has confirmed layoffs at its Saskatoon office, cutting 20 employees, roughly 3% of its workforce. Most affected roles were in content creation. The company attributed the reductions to shifts in the software market driven by artificial intelligence.

Ubisoft is laying off 40 employees at its Toronto studio as part of a broader cost-saving initiative.