{"id":71986,"date":"2026-04-08T18:23:57","date_gmt":"2026-04-08T18:23:57","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/04\/08\/flight-training-firm-cae-cuts-jobs-ahead-of-may-business-update\/"},"modified":"2026-04-08T18:23:57","modified_gmt":"2026-04-08T18:23:57","slug":"flight-training-firm-cae-cuts-jobs-ahead-of-may-business-update","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/04\/08\/flight-training-firm-cae-cuts-jobs-ahead-of-may-business-update\/","title":{"rendered":"Flight training firm CAE cuts jobs ahead of May business update"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<br \/><br \/>\n<iframe loading=\"lazy\" title=\"Fares soar as airlines &#039;take advantage&#039; of oil shock\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/_I7IO9Sbrl4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\n<\/iframe><\/p>\n<p> Canadian <\/p>\n<p>                        flight simulator<\/p>\n<p>                         firm <\/p>\n<p>                        CAE Inc.<\/p>\n<p>                         is cutting two per cent of its global workforce as part of a <\/p>\n<p>                        restructuring<\/p>\n<p>                         put forward by its new leader. <\/p>\n<p> Chief executive Matthew Bromberg, appointed in August with a mandate to double profits over the next three to four years, told employees in a letter that CAE must take \u201cseveral necessary steps\u201d to respond to market changes. Demand has softened in parts of its <\/p>\n<p>                        civil aviation business<\/p>\n<p>                        , but geopolitical instability is opening up opportunities for its <\/p>\n<p>                        defence and security unit<\/p>\n<p>                        . <\/p>\n<p> \u201cThese factors require us to better align our cost base, footprint, and capacity with current conditions,\u201d Bromberg said in the letter seen by Bloomberg News. <\/p>\n<p> The cuts affect about 280 roles<\/p>\n<p>                         in total, spanning contracts, procurement and technical areas. An early retirement program will be offered in Canada. <\/p>\n<p>                        Montreal-based<\/p>\n<p>                         CAE has also begun reviewing operations at sites in Barcelona, Brussels and Stockholm. In the United States, it previously announced that it will close its Orlando Lee Vista and Broken Arrow facilities. <\/p>\n<p> The global aviation industry has been hit by macroeconomic uncertainty and lower aircraft deliveries due to supply constraints. Plane groundings have also contributed to reducing pilot hiring and training activity, affecting demand for CAE\u2019s services. <\/p>\n<p> Bromberg, who joined CAE from Northrop Grumman Corp., launched a transformation plan to change CAE\u2019s operations, shift capital allocation and boost performance. In February, the company said it will retire underperforming commercial airline simulators and identified several non-core assets, representing approximately eight per cent of revenue, that could be divested. <\/p>\n<p> In May, CAE will provide an update on its business strategy, along with longer-range financial targets. <\/p>\n<p> Bloomberg.com <\/p>\n<ul class=\"related_links\">\n<li>Varcoe: WestJet and CAE strike deal establishing major new flight training centre in Calgary<\/li>\n<li>Marc Parent: Buy Canadian has to extend to aerospace and defence if Canada is to defend its borders<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=JsHFxTUkg-I\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.youtube.com\/watch?v=JsHFxTUkg-I<\/a><br \/>\n<\/iframe><br \/>\n<br \/>\n<br \/>Flight training firm CAE cuts jobs ahead of May business update<\/a><br \/>\n<br \/>2026-04-08 18:23:57<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian flight simulator firm CAE Inc. is cutting two per cent of its global workforce as part of a restructuring put forward by its new leader. Chief executive Matthew Bromberg,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":71987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/04\/0409-mg-cae-jobs.jpg","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-71986","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/71986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=71986"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/71986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/71987"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=71986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=71986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=71986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}