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Rogers Offers Voluntary Buyouts to Thousands of Employees

The move underscores management’s plan to reset spending after years of heavy investment.

Ethernet cables are seen in front of Rogers Communications logo in this illustration taken, July 8, 2022. REUTERS/Dado Ruvic/Illustrations/File Photo
Rogers Communications Inc. says it is offering employees voluntary buyouts as it takes steps to adjust its "cost structure to reflect the business realities of the current environment."
Rogers logo on a smartphone.
Smartphone on a desk shows a red Rogers logo on screen, with a keyboard, headphones, and illuminated PC in the background.

Overview

  • Rogers, which launched the offers Monday, invited employees in many corporate and business teams to take voluntary departure or retirement packages.
  • The company set no departure target, with reports estimating offers to about half of 25,000 staff or roughly 10,000 eligible.
  • Eligibility excludes on-air talent, Sportsnet staff, unionized workers, and employees at MLSE and the Toronto Blue Jays.
  • The program follows last week’s plan to cut 2026 capital spending by about 30 percent, which executives linked to tough regulation and price pressure.
  • Rogers reported higher first-quarter profit and revenue, yet wireless ARPU fell and growth in wireless and cable softened as rivals courted customers with cheaper plans.