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(BETAKIT)
“This clause might be a killer for the tech ecosystem.”
Introducing the Black Swan podcast by BetaKit(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(BETAKIT)
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(BETAKIT)
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(BETAKIT)
The government’s changes are aimed to make the work-share program more useful to eligible businesses.
Startup Milestones
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Tailscale raises $3M in seed funding (Read here)
Recommended by BetaKit
HERE’S HOW #CDNTECH COMPANIES ARE PITCHING IN DURING COVID-19(BETAKIT)
Updated weekly, this list outlines the steps Canadian businesses are taking to help flatten the curve and support customers through new products, services, and free offerings.
BLACK SWAN #2 – PERFORMING LAYOFFS IN A PANDEMIC(BETAKIT)
Senior leaders across Canada face tough decisions, and employees are worried about their jobs.
HOW TO SET UP YOUR STARTUP FOR REMOTE WORK(BETAKIT)
Caution due to COVID-19 is leading many tech companies to cut travel and encourage their engineers to work remotely. Many will be working from home for the first time.
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