Tag: percent
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…
Dapper Labs lays off 22 percent of staff
Vancouver tech startups Dapper and Hootsuite both made layoffs this week. Dapper Labs has laid off around 22 percent of its staff, BetaKit has…
RenoRun lays off 43 percent of staff to extend runway as inflation rises and consumer confidence falls
RenoRun founders: “The business climate we are operating in has fundamentally changed.” Montréal-based building material delivery startup RenoRun laid off 210 employees this morning—the…
Trulioo to cut up to 10 percent of staff, exit small business market
Vancouver-based unicorn plans to focus on medium and large enterprises. Global online identity verification firm Trulioo plans to lay off five to 10 percent…
AI startup Ada cuts 16 percent of its workforce
CEO cites tightening economy as Ada cuts 78 positions. Artificial intelligence (AI) startup Ada is the latest tech firm to announce layoffs amid tightening…
Q4 Inc. lays off eight percent of staff to accelerate “path to profitability”
Restructuring impacts the company’s sales, marketing, R&D teams. Toronto-based investor relations (IR) software company Q4 Inc. has laid off 48 employees, joining a growing…
AlayaCare lays off 14 percent of employees, slows M&A plans
AlayaCare’s CEO said startup’s revenue growth has not followed its “aggressive investment.” AlayaCare has laid off 80 employees, BetaKit has learned, joining a growing…
Hootsuite restructuring, laying off 30 percent of employees
CEO: “We need to refocus our strategies to drive efficiency, growth and financial sustainability.” Hootsuite is set to lay off 30 percent of its…
RenoRun lays off 12 percent of staff, pauses geographic expansion amid uncertainty surrounding consumer spending
Montréal-based building material delivery startup RenoRun has laid off around 70 members of its 600-person team, BetaKit has learned, joining a growing list of…
Unbounce lays off 20 percent of staff as part of “larger company restructuring”
Unbounce CEO said cuts were necessary to support the company’s purpose and strategy. Landing page builder Unbounce has laid off 47 people from its…