Rogers Communications Offers Voluntary Departure Packages to Half of Workforce
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 27 2026
0mins
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: 31.450
Low
35.99
Averages
41.43
High
46.07
Current: 31.450
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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- Full Ownership Acquisition: Rogers Communications has agreed to purchase the remaining 25% stake in Maple Leaf Sports & Entertainment from Kilmer Sports for CAD 4.35 billion ($3.06 billion), achieving 100% ownership of Canada's largest sports management and live entertainment company, marking a significant strategic consolidation in the sports entertainment sector.
- Positive Market Reaction: Following the acquisition announcement, Rogers' shares rose over 1% at Monday's open, poised to break a four-day losing streak, reflecting market optimism regarding the company's future growth potential.
- CEO Statement: Rogers CEO Tony Staffieri stated that full ownership of MLSE will enable the company to invest more effectively in championship-caliber teams, create unique experiences for customers and fans, and unlock long-term value for shareholders, highlighting the company's commitment to the sports entertainment industry.
- Financing Plan: Rogers plans to finance this transaction with committed liquidity, indicating the company's financial robustness and confidence in future investments.
See More
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- Investor Teleconference: Management will host a quarterly teleconference at 8:00 a.m. ET to discuss financial results and outlook, aiming to enhance interaction and trust with investors.
- Live Webcast Availability: The teleconference will be available via live webcast on Rogers' Investor Relations section, ensuring all investors can access real-time information and improving information accessibility.
- Telephone Replay Service: Following the meeting, a two-week telephone replay service will be provided, ensuring that investors who could not participate live can still access key information, reflecting the company's attention to investor needs.
See More
Rogers Celebrates Canada Day with Ticket Giveaway
- Ticket Giveaway Launch: To celebrate Canada Day and the Blue Jays' 50th season, Rogers is giving away 500 game tickets on June 30, attracting significant customer participation and enhancing brand image and loyalty.
- On-Site Ticket Distribution: The giveaway will occur at three surprise locations across the Greater Toronto Area, where the first 75 customers will receive a pair of tickets, demonstrating the company's commitment to customer engagement.
- Social Media Promotion: In addition to on-site giveaways, Rogers will also distribute 25 pairs of tickets via Instagram, leveraging social media to broaden the event's reach and attract a younger demographic.
- Ongoing Customer Rewards: Throughout the season, Rogers will continue to give away thousands of tickets as part of its Rogers Beyond the Seat program, further enhancing customer experience and fostering brand loyalty.
See More
Blue Jays Ballpark Experience Launches in Calgary
- Blue Jays Experience: The 16th hole at Canyon Meadows Golf and Country Club will be transformed into a Blue Jays-themed venue during the Rogers Charity Classic, celebrating the team's 50th anniversary while supporting families in Alberta.
- Charity Donation Mechanism: For every birdie scored on the par-3 hole during the tournament, $1,000 will be donated to the Jays Care Foundation, reflecting Rogers' commitment to enhancing fan experiences and supporting local communities.
- Fan Interaction Opportunities: The event will feature classic ballpark snacks, live music, and opportunities to meet Blue Jays alumni, aiming to enhance fan engagement and excitement around the tournament.
- Event Details Announcement: The 2026 Rogers Charity Classic will take place from August 21 to 23, with tickets now available offering various premium spectator packages to further enhance the viewing experience and engagement for attendees.
See More
U.S. Telecom Giants See Stock Rebound
- Stock Performance: So far this year, Verizon's shares have risen over 11%, while Rogers' shares have increased less than 1%, although they have surged more than 42% over the past year, indicating strong recovery potential for both companies in their respective markets.
- Market Share Growth: Rogers transformed into a national cable and broadband powerhouse with its $26 billion acquisition of Shaw Communications, unlocking significant cost synergies and enhancing cross-selling capabilities across Western Canada, thereby solidifying its market position.
- Financial Robustness: In the first quarter, Rogers reported revenue of $5.49 billion, a 10% year-over-year increase, with earnings per share (EPS) at $1.01, showcasing its rarity as a high-yield stock while projecting free cash flow to rise to $21.5 billion by 2026, a 7% increase.
- Capital Expenditure Trends: Verizon expects capital expenditures between $16 billion and $16.5 billion this year, down from $17 billion in 2025, indicating that the heavy financial burden of building its 5G infrastructure is largely complete, which will help improve its return on invested capital moving forward.
See More
Investment Opportunities in Verizon and Rogers
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- Stable High Dividend Yield: Rogers currently offers a dividend yield of approximately 3.83% with a low payout ratio of 15.3%, indicating ample room for continued dividend increases while paying down debt from the Shaw acquisition, thus maintaining robust financial health.
- Strong Cash Flow at Verizon: Verizon reported $3.8 billion in free cash flow in Q1, up 5% year-over-year, and expects this to rise to $21.5 billion by 2026, showcasing its strong cash flow capabilities that support ongoing dividend growth and debt repayment.
- Clear Competitive Advantage: Verizon boasts a dividend yield exceeding 6% and has consistently increased dividends over the past 20 years; despite market volatility, its completion of 5G infrastructure is expected to lead to higher returns on investment, making it a top choice for income-focused investors.
See More
