City of Toronto Layoffs

Pink slips are about to be handed out at Toronto’s City Hall, following a lower-than-expected number of people taking buyouts.

The city manager says 700 positions were expected to be cut but only 230 people ended up taking the buyouts.

The total number of staff being let go will be known by the end of the month.

The city estimates it will save about $20 million by giving the 230 buyouts.