Rogers’ Voluntary Buyouts Could Signal Further Industry Cuts to Come: Analyst

Rogers’ Voluntary Buyouts Could Signal Further Industry Cuts to Come: Analyst
Rogers chair of the board Edward Rogers (L), talks with CEO Tony Staffieri at the telecommunications company's AGM, in Toronto, on April 26, 2023. The Canadian Press/Chris Young
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While it’s yet to be determined how many employees will accept Rogers Communications Inc.’s latest buyout offer, an analyst says it could mark the start of a cost-cutting wave throughout the telecommunications industry.

Rogers said Monday it is offering voluntary departure and retirement packages to an undisclosed number of its employees, with Bloomberg reporting around 10,000 would be eligible.