Canadian startup struggles continue with more layoffs, shutdowns
Plus: Do Canadian entrepreneurs take risks?
layoffs
With school districts ‘striving to achieve more with less,’ layoffs come to Paper
The EdTech startup’s founders said the decision was not made lightly.
Dapper Labs makes third round of layoffs since November as crypto winter continues
NBA Top Shot creator lays off 51 people amid NFT market struggles.
F|T: The FinTech Times – Stripe & Robinhood make layoffs, Financeit acquires competitor
Plus: FTX considers a reboot?
R|T: The Retail Times – Amazon begins more layoffs as Shopify employees brace for same
Plus: Walmart using AI to negotiate with vendors.
Another round of layoffs hits Amazon employees in Canada
Roles have been terminated in Amazon’s PXT and cloud divisions.
S|W: The SaaS Weekly – With more layoffs coming, Meta is facing a morale crisis
Plus: AutoLeap gears up for growth with $40 million CAD Series B.
BBTV among 10 BC orgs receiving total $25.7 million from PacifiCan to help job retention amid tech layoffs
Over 500 jobs are expected to be created from the investment.
Amazon won’t confirm how many Canadians impacted by forthcoming 9,000 employee layoffs
Worldwide cuts will impact AWS, PXT, advertising, and Twitch teams.
Ontario proposes new regulations to tighten rules around mass layoffs
Remote employees are not currently entitled to same advance notice as office workers.
F|T: The FinTech Times – Layoffs continue to hit Canadian FinTech
Plus: PayPal’s CEO to retire at the end of 2023.
Thinkific, WonderFi, VerticalScope face leadership changes following layoffs
Canadian tech companies hit with executive exodus amid sector downturn.
A|I: The AI Times – Google bets on Anthropic, Ada makes more layoffs
Plus: The fight against AI art.
Alphabet commences Canadian layoffs
The cuts are part of Alphabet’s previously announced 6% staff reduction globally.
VerticalScope becomes latest public tech firm to make layoffs with 22 percent staff reduction
Cuts come after VerticalScope’s business deteriorated in Q4.