Canadian telco Rogers Communications is preparing to offer 10,000 employees voluntary buyouts.

As first reported by the Globe and Mail, the voluntary departure packages will be offered to around half of the company's workforce.

A voluntary buyout is a compensation package offered by employers to encourage workers to leave voluntarily, usually to avoid layoffs or reduce overhead.

Globe and Mail reports that Rogers said it will offer the packages to half its workforce on Monday.

The company did not state whether it has a reduction target. Voluntary buyouts are typically only accepted by a fraction of staff.

As of the end of last year, Rogers had 25,000 employees, which includes about 3,000 Maple Leaf Sports & Entertainment (MLSE) employees. These MLSE employees will not be offered buyouts.

“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.

During last week's earnings call, Rogers said it was cutting capital spending by 30 percent this year compared to 2025, to a range of $2.5 billion to $2.7bn.

Rogers previously acquired Shaw Communications for CA$20bn (US$14.63bn) in March 2023.

Since then, the carrier has sought to service debts from this transaction. Last year, Rogers agreed to an equity deal with Blackstone worth CA$7bn (US$4.9bn) to sell a stake in its wireless network. In August, the company also sold its data center unit.