Direct Energy cuts 500 jobs as it moves headquarters from Toronto

TORONTO, Ont. – Direct Energy is cutting 500 jobs in Canada as the company shifts its headquarters from Toronto to Houston, Texas.

A spokeswoman said the headquarters, in the east end of Toronto, will be closed over the next 12 to 18 months while the company completes the move.

About 300 of those jobs will be relocated to Texas.

In total, Direct Energy, one of North America’s largest energy and energy-related services providers, will still have about 2,000 employees in Ontario.

The company also operates approximately 4,600 producing gas wells in Alberta.

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