Tag: percent
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…
Tokens.com slashes headcount by 40 percent in push to cut costs
Web3 firm is also exploring a potential sale of business segments. Toronto-based cryptocurrency and Web3 firm Tokens.com has reduced its headcount by approximately 40…
S|W: The SaaS Weekly – Salesforce begins restoring headcount after slashing 10 percent of staff
Plus: Plurilock finds gains in selling safety, Databricks raises $500M. The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and…
Loopio makes ‘difficult decision’ to lay off nine percent of its team
The Toronto-based software startup made its first acquisition in May. Software startup Loopio has laid off nine percent of its staff, the CEO and…
2022 angel investment in Canada mirrored VC dip, dropping 37 percent year-over-year
While deal count rose, angels disproportionately favoured existing portfolio firms. Like other investor groups, Canadian angels felt the burn of the market downturn last…
Canadian venture capital investment in Q1 2023 drops by 82 percent compared to last year
VC saw a sharp decline in both amount invested and number of deals compared to last year. In the first quarter of 2023, deals…
Shopify cuts 20 percent of staff, announces sale of logistics division
“There’s no way to make this good news,” Shopify CEO tells employees in company letter. Shopify announced 20 percent cuts across the business in…
F|T: The FinTech Times – FreshBooks cuts 10 percent of staff to target profitability
Plus: Jack Dorsey’s Block accused of facilitating fraud. Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the…
Rewind cuts 27 percent of staff as its growth slows in parallel to Shopify
Amid downturn, e-commerce slowdown, Rewind targets breakeven. Ottawa-based Rewind has adjusted its fundraising plans and laid off about 27 percent of its employees after…
Symend reduces team by 25 percent in restructuring, four months after $54 million round
Latest cuts come after Symend laid off 13 percent of staff late last year. Calgary-based software startup Symend has restructured and reduced its staff…