Months After Burger King Acquisition, Tim Hortons Announces Major Layoffs
Only a couple of months after Burger King officially merged with Canadian coffee and doughnut chain Tim Hortons for $12.5 billion and moved its headquarters to Canada, its new acquisition has decided to clean house. According to the CBC, Tim Hortons announced layoffs of dozens of high-end corporate employees, including pregnant women and longtime staffers. Anonymous employees told CBC that estimations of staff layoffs are somewhere between 20 and 40 percent.
"Respectfully, because we are still in the process of the re-organization — we're not in the position to confirm the number of people impacted either leaving the company or with new opportunities," Tim Hortons’ vice president of corporate affairs Alexandra Cygnal said in a statement.
As part of the acquisition deal, Burger King agreed to not cut frontline staff at Tim Hortons (meaning people that actually work at Tim Hortons store locations), but that number does not apply to the thousands of employees who work at headquarters and regional offices across Canada.