Tag: percent
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…
Dapper Labs cuts another 20 percent of staff while fending off class action suit
The move marks Dapper Labs’ second round of layoffs since November as it contends with declining NFT sales. Vancouver-based Web3 company Dapper Labs has…
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…
VerticalScope becomes latest public tech firm to make layoffs with 22 percent staff reduction
Cuts come after VerticalScope’s business deteriorated in Q4. Toronto-based VerticalScope has laid off approximately 60 employees as the company looks to “streamline its operations…
Benevity cites lower than expected customer demand as cause for 14 percent layoffs
Calgary-based Benevity has laid off 137 employees, or 14 percent of its team, as the charitable donation management software firm contends with lower than…
Clearco CEO Michele Romanow steps down as company cuts almost 30 percent of staff
Andrew Curtis now CEO as company hopes latest exec change will lead to cash flow break-even in 2023. Like her predecessor, Clearco’s Michele Romanow…
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…
Ferme d’Hiver raises $46 million CAD to replace 10 percent of Canada’s strawberry imports
Ferme d’Hiver aims to juice Canada’s domestic strawberry supply. Québec-based agtech company Ferme d’Hiver (Winter Farm) has raised $46 million CAD to take a…