Rogers Communications Inc. RCI-B-T is offering voluntary departure packages to 50 per cent of its employees, the largest round of buyout offers in the sector in recent years as telecom revenue growth has slowed across the industry and as companies look to shed costs.

On Monday, Rogers said that about half of its 25,000 employees across numerous business divisions will be offered packages, but did not say whether it had a reduction target.

“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.

Some teams the company’s business units and corporate functions are eligible, though others are not eligible, including, on-air talent, Sportsnet employees at Rogers Sports and Media, and union employees.