Tag: lays
FreshBooks president and CEO depart as company lays off six percent of employees
FinTech firm promotes two interim co-CEOs, embarks on search for next leader. Toronto-based accounting software company FreshBooks has restructured its leadership team and cut…
A|I: The AI Times – Jim Balsillie says “AIDA needs to be scrapped completely” as Biden lays out new executive order
Plus: Thomson Reuters commits $100M a year to GenAI, Google $2B to Anthropic. The AI Times is a weekly newsletter covering the biggest AI,…
Loop Energy lays off majority of staff, citing challenging capital market conditions
Hydrogen fuel cell firm terminates 84 employees, shuts China office. Hydrogen fuel cell company Loop Energy (TSX: LPEN) is laying off 65 percent of…
FreshBooks lays off 10 percent of staff
Move marks FreshBooks’ second round of layoffs since December as firm sees third C-suite exec depart in past year. Toronto-based FreshBooks has laid off…
Wattpad lays off 15 percent of workforce
Interim president says cuts come despite best efforts to limit economic impact. Wattpad is cutting its staff by 15 percent. Wattpad announced the news…
Sonder lays off 14 percent of staff as it aims to become cash flow positive in 2023
Move marks Sonder’s second round of significant cuts since going public last year. Sonder is laying off approximately 100 employees, or 14 percent of…
Koho lays off 14 percent of staff
CEO claims cut doesn’t extend runway, but will support growth efforts. Koho has made a 14 percent workforce reduction, following in the footsteps of…
GoBolt lays off five percent of staff shortly after $75 million raise, citing worsening consumer demand
With cuts, GoBolt shifts focus away from SMBs to mid-market, enterprise merchants. Toronto-based delivery startup GoBolt has laid off 55 employees, becoming the latest…
New BC innovation minister Brenda Bailey lays out how she plans to support province’s tech, innovation
Minister: “the most important thing in our tech sector … is people, and this government is very serious about continuing our competitive advantage of people.”…
Canadian tech hubs not immune to downturn as Communitech lays off 10 percent of workforce
Innovation hub sees second significant staff reduction since 2019 provincial budget cuts. With the ongoing economic downturn impacting tech companies large and small, layoffs…