Canadian startup news of the week (4/05/20)

Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit. If you prefer this update hit your inbox every week, make sure to subscribe to the BetaKit Newsletter using the form at the bottom of this page.

Top Stories of the Week


Morneau provides more detail on government's 75 percent wage subsidy for Canadian businesses

“This clause might be a killer for the tech ecosystem.”


Introducing the Black Swan podcast by BetaKit

Recorded in quarantine, BetaKit has a new podcast to help Canadian tech make it through COVID-19.


CCI tells feds emergency wage subsidy must be expanded to support Canadian tech

CEOs and venture capitalists alike took to social media arguing that the subsidy does not support startups.


Ritual cuts staff in half, reduces operations due to COVID-19

Sources with direct knowledge of the layoffs put the number at 196, which represents just over half of the company.


Federal government's updated work-sharing program more open to startups amid COVID-19

The government’s changes are aimed to make the work-share program more useful to eligible businesses.


Startup Milestones


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BLACK SWAN #2 – PERFORMING LAYOFFS IN A PANDEMIC

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HOW TO SET UP YOUR STARTUP FOR REMOTE WORK

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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.