Tag: Staff
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…
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…
Meta’s additional staff cuts further call into question Facebook parent’s Canadian hiring plans
Meta plans to shed 10,000 employees, scale back hiring in second major round of layoffs since November. Meta Platforms has decided to lay off…
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…
F|T: The FinTech Times – Canadian regulators tighten crypto rules as Dapper Labs cuts staff, faces class action
Plus: Ant profit falls 83 percent. Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If…
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…
Ada latest Canadian unicorn to make additional staff cuts
The layoffs come four months after Ada reduced its staff by 16 percent. Canadian AI unicorn Ada has undergone a second round of layoffs…
S|W: The SaaS Weekly – Hootsuite swaps CEOs amidst third set of staff cuts
Plus: Magnet Forensics gets acquired in $1.8 billion CAD deal. The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and…