Canadian Tire has announced it is cutting an unspecified number of corporate positions as part of a company-wide restructuring, the retailer confirmed to CTV News. Founded in Toronto in 1922, Canadian Tire operates nearly 1,700 stores across the country. The company described the changes as part of efforts to “transform and modernize,” noting that while some corporate roles are being expanded, others are being eliminated.
The layoffs come months after Canadian Tire unveiled a $2 billion, four-year investment plan aimed at restructuring and modernizing its operations. While the company reported strong first-quarter results for 2025, it has not disclosed the number of employees affected by the current cuts. Second-quarter results are scheduled for release on Aug. 7.
The move reflects broader trends in the Canadian job market, where companies are increasingly streamlining corporate operations and investing in modernization to remain competitive. While these measures can improve efficiency and long-term growth, they also contribute to uncertainty for corporate employees in Canada, highlighting the ongoing tension between workforce stability and business transformation.
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Lynn Chaya’s original article, “Canadian Tire says it has eliminated some corporate roles” was published in CTV News on July 29, 2025. Read the Full CTV News story.