Rogers Communications Offers Voluntary Departure Packages to Half of Workforce
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 27 2026
0mins
Should l Buy RCI?
Rogers Communications is offering voluntary departure packages to half of its workforce, the biggest slate of buyout offers in the sector in rercent years amid slowing telecom growth, Globe and Mail's Irene Galea reports. The company said roughly 50% of its 25,000 staff across numerous units will be offered such packages, but did not say whether it had a reduction target, the author notes. "We are taking steps to adjust our cost structure to reflect the business realities of the current environment. As part of this, some teams have chosen to offer voluntary departure and retirement programs to give some employees the choice to decide whether they'd like to stay with the company or begin a new chapter," said Rogers spokesperson Zac Carreiro in a statement.
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Analyst Views on RCI
Wall Street analysts forecast RCI stock price to rise
11 Analyst Rating
7 Buy
3 Hold
1 Sell
Moderate Buy
Current: 36.900
Low
35.99
Averages
41.43
High
46.07
Current: 36.900
Low
35.99
Averages
41.43
High
46.07
About RCI
Rogers Communications Inc. is a diversified Canadian communications and media company. The Company operates in three segments: Wireless, Cable, and Media. The wireless segment provides wireless telecommunications operations for Canadian consumers and businesses. The cable segment is engaged in cable telecommunications operations, including Internet, television, and other video, satellite, telephony, and smart home monitoring services for Canadian consumers and businesses, and network connectivity through its fiber network and data center assets to support a range of voice, data, networking, hosting, and cloud-based services for the business, public sector, and carrier wholesale markets. The media segment offers a diversified portfolio of media properties, including sports media and entertainment, television and radio broadcasting, specialty channels, multi-platform shopping, and digital media.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- New Series Launch: Rogers Sports & Media announces the debut of Deadliest Catch: Northern Edge, a bold Canadian iteration of the iconic brand from Warner Brothers Discovery, set to premiere in Winter 2027 on Discovery Canada, marking the brand's international expansion.
- Production Scale: The series, produced by Attraction and Fremantle's Original Productions, consists of eight 60-minute episodes, with filming currently underway in Nova Scotia and the North Atlantic, showcasing the survival challenges faced by Canadian fishermen in extreme environments.
- Market Impact: As Discovery's #1 series in Canada, Deadliest Catch attracted over 1.6 million viewers in 2025, and the new series is expected to further solidify its market leadership while drawing more attention to Canadian fishing culture.
- Legacy of Storytelling: The new series not only continues the classic narrative style of Deadliest Catch but also focuses on the stories of a new generation of captains, highlighting the challenges they face in harvesting the world's largest crab biomass, emphasizing the vital role of fisheries in society.
See More
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- Market Response Strategy: This move reflects the company's flexible human resource management strategy in the face of industry competition and economic pressures, aiming to enhance operational efficiency and reduce costs.
- Employee Welfare Consideration: The voluntary departure packages may provide employees with financial compensation, assisting them during career transitions, thereby enhancing employee satisfaction and the company's image.
- Future Outlook: By implementing this plan, Rogers Communications aims to maintain competitiveness in future market environments while laying a foundation for the company's long-term development.
See More
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- Layoff Initiative: Rogers Communications is offering voluntary buyouts to half of its workforce as part of a strategy to adjust to current market conditions, although on-air talent and Sportsnet employees are excluded, indicating a strong commitment to restructuring its cost base.
- Revenue Growth: The company reported a 10% increase in revenue in the first quarter, driven by gains in mobile phone and internet subscribers, while its unadjusted net income doubled, demonstrating its potential for growth despite competitive pressures.
- Capex Guidance Revision: Rogers has lowered its 2026 capital expenditure guidance to CAD 2.5 billion to CAD 2.7 billion from CAD 3.3 billion to CAD 3.5 billion, reflecting the direct impact of heightened competitive intensity and recent regulatory decisions on its financial planning.
- Stock Performance: Shares of Rogers Communications rose 1.6% heading into Monday's close, indicating a positive market reaction to the company's strategic adjustments, as investors remain optimistic about its future prospects despite ongoing challenges.
See More
Rogers Q1 Earnings Exceed Sales Expectations Despite Slight EPS Miss
- Significant Sales Growth: Rogers reported Q1 sales of CAD 5.48 billion, reflecting a 10% year-over-year increase that surpassed Wall Street expectations, indicating the company's robust growth potential in a competitive telecom market.
- Slight EPS Miss: The earnings per share came in at CAD 1.01, just CAD 0.01 below expectations, yet this marks an improvement from last year's CAD 0.99, demonstrating ongoing enhancement in the company's profitability.
- Stable Annual Revenue Guidance: The company reiterated its annual revenue growth guidance of 3% to 5%, suggesting a deceleration compared to Q1's growth rate, but recent momentum indicates potential to reach the higher end of this range, reflecting management's confidence in future performance.
- Strong Stock Performance: Rogers' stock gained 8.2% over the past week, responding positively to the company's earnings results amid a broader market rally, although it remains down 4.4% year-to-date, highlighting mixed investor sentiment.
See More
Rogers Communications Stock Sees Significant Gains
- Stock Performance: Rogers Communications' stock rose 8.2% over the past week, briefly hitting an 11.7% increase, significantly outperforming the S&P 500's 0.5% and Nasdaq's 1.5%, indicating strong market confidence in the company's future prospects.
- Earnings Highlights: The company reported Q1 earnings per share of CAD 1.01, slightly below expectations but an improvement from CAD 0.99 year-over-year, with revenues of CAD 5.48 billion reflecting a 10% year-over-year growth that surpassed Wall Street estimates, showcasing the company's growth potential in a competitive telecom market.
- Future Guidance: Rogers is guiding for annual revenue growth of 3% to 5% this year, suggesting a slowdown compared to Q1, yet management reiterated this guidance, and recent momentum indicates the potential to achieve performance at the higher end of this range, bolstering investor confidence.
- Market Competition: Despite intense competition in the telecom sector, Rogers' quarterly report and guidance suggest the company remains capable of delivering mid-single-digit growth, reflecting its resilience and adaptability in the market.
See More
Rogers Communications Reports Q1 Earnings Growth
- Profitability Improvement: Rogers Communications reported a net income of C$438 million for Q1, translating to C$0.80 per share, which marks a significant increase from last year's C$280 million and C$0.50 per share, indicating enhanced competitiveness in the market.
- Adjusted Earnings Performance: Excluding special items, the adjusted earnings reached C$550 million or C$1.01 per share, showcasing a strong performance compared to last year's figures, reflecting successful cost control and operational efficiency.
- Significant Revenue Growth: The company's revenue rose by 10.2% year-over-year to C$5.482 billion, up from C$4.976 billion last year, demonstrating robust performance amid recovering market demand.
- Optimistic Market Outlook: With improved revenue and profitability, Rogers Communications is positioned with a stronger financial foundation to better tackle industry challenges and seize growth opportunities in the future.
See More
