Canada Post Announces Managerial Layoffs Amid Financial Struggles

Canada Post is laying off approximately 50 managers as part of its efforts to recover from years of significant financial losses. The layoffs include two senior-level positions, reducing senior management staff by 20%.

Spokesman John Hamilton confirmed that layoff notices are being sent this week, with about half of the affected positions located in Ottawa, and others in Toronto, Montreal, and additional regions. The layoffs primarily involve internal management staff not directly involved in daily operations.

While Hamilton did not disclose the anticipated cost savings or specify the eliminated roles, he assured that postal services would not be impacted.

Canada Post is currently facing a substantial deficit. Last month, the government approved a $1 billion loan to support its operations for the 2025-26 fiscal year.