Vancouver-based software startup Dooly has joined a growing number of Canadian tech companies to trim their workforce, laying off 12 people.
The layoffs represent approximately 10 percent of its staff, per Dooly’s LinkedIn page that shows it has an employee base of over 100.
Dooly CEO Kris Hartvigsen announced the layoffs in a LinkedIn post this week, describing the staff reduction as a “recognition of [his] failure to insulate them from the economic turbulence.”
“As a CEO, and a family-first person, frankly, today sucked,” Hartvigsen’s statement reads. “I know that rings hollow to those who are now looking for new work, but I considered each of them to be a part of my work-family.”
LinkedIn posts from now-former Dooly employees show that some of the roles affected by the downsizing include business development, product development, and marketing.
BetaKit has reached out to Dooly for comment.
Founded in 2016 by Hartvigsen and CTO Justin Vaillancourt, Dooly offers a platform that is designed to help sales professionals update Salesforce, take notes, and manage deals. Dooly instantly syncs notes to Salesforce, Slack, G-Suite, with the aim of preventing users from having to duplicate their work.
As of last year, Dooly claimed to serve more than 500 companies, including Asana, Airtable, BigCommerce, Contentful, Figma, Intercom, Lessonly, and Vidyard.
RELATED: Vancouver-based Dooly raises $80 million USD Series B round
With $105 million USD in total funding, Dooly previously raised $80 million in its Series B round, as well as a combined $20.3 million in seed and Series A financing as COVID-19 spurred a rise in remote work. In 2018, Dooly also raised $2 million in a round led by ScaleUP Ventures. Dooly’s other backers include Tiger Global, Boldstart Ventures, Spark Capital, and Mantis, the venture firm founded by electronic DJ duo The Chainsmokers.
As venture funding slows down and inflation rates have risen, layoffs continue to sweep Canada’s tech sector and beyond.
Other companies in the country that have slashed its headcount in recent weeks include British Columbia startups Article, Hootsuite, and Unbounce, as well as Montréal-based RenoRun and Toronto B2B content creation startup Uberflip. Shopify, Wealthsimple, and Clearco have also felt the effects of the market.
Image courtesy of Dooly.