Hopper closes $96 million USD from Capital One at more than $5 billion valuation
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R|T: The Retail Times – Hopper makes deep staff cuts, pulls back from Asia to pursue profitability

Plus: Canada looks at limiting number of Airbnbs to free up rentals. The Retail Times is a weekly newsletter covering retail tech news from…

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Loop Energy clean room
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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…

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S|W: The SaaS Weekly – Salesforce begins restoring headcount after slashing 10 percent of staff
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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…

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LayerZero Labs
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F|T: The FinTech Times – LayerZero in FTX fight, Binance US CEO departs alongside staff cuts

Plus: Revolut has yet to make a US banking license application. Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news…

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child literacy
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Paper cuts more staff in second round of layoffs

Another 87 “paperites” let go as EdTech startup aims for profitability. EdTech startup Paper has made another round of layoffs just slightly a month…

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Canadian startup struggles continue as Silofit closes up shop, Top Hat and Fable cut staff
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Canadian startup struggles continue as Silofit closes up shop, Top Hat and Fable cut staff

Trio joins growing list of Canadian tech firms that have restructured or ceased operating during the downturn. More Canadian technology startups have made the…

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Autodesk alums close $5.3 million CAD to automate building design with Augmenta
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Building-design startup Augmenta raises $15.57 million CAD to hire staff, refine beta

The company says it uses AI to create building designs in a matter of minutes or hours. You might say Augmenta—a startup that uses…

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R|T: The Retail Times – Shopify sheds staff, offloads logistics business to focus on “main quest”
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R|T: The Retail Times – Shopify sheds staff, offloads logistics business to focus on “main quest”

Plus: RenoRun halts operations as it pursues asset sale. The Retail Times is a weekly newsletter covering retail tech news from Canada and around…

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Tobi Lütke Shopify
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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…

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F|T: The FinTech Times – FreshBooks cuts 10 percent of staff to target profitability
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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…

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