BC suffered biggest year-over-year venture funding drop among all Canadian ecosystems in 2022
Investment in the province’s tech startups fell by 67 percent in 2022.
layoffs
FreshBooks lays off 10 percent of staff as company targets profitability
FreshBooks’ second round of layoffs since December sees third C-suite exec depart in past year.
Canadian startup news of the week (3/19/23)
Plus: Québec and Alberta tech investment bucked 2022 trends.
BC government extends tax credit for digital media companies to cut employment costs
Minister of Innovation says tax credit will help nearly 250 companies in the province.
A|I: The AI Times – Embark Trucks explores liquidation, AI beer invades Alberta
Plus: How the Silicon Valley Bank shutdown might impact Canadian tech
H|T: The Healthtech Times – CAN Health Network expanding… across Canada
Plus: How the Silicon Valley Bank shutdown might impact Canadian tech.
CVCA CEO: Tech still needs influx of capital given possible investor pullback, even as liquidity concerns calm
Longer-term impact of SVB fallout has some in Canadian tech worried.
R|T: The Retail Times – Amazon’s belt-tightening is causing concerns
Plus: Uber rumoured to spin off freight division.
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.
Venture funding surged in Québec and Alberta tech sectors over 2022, bucking national trend
Alberta and Québec investment increased by 89 percent and 21 percent, respectively.
Canadian startup news of the week (3/12/23)
Plus: Ten things worth reading on International Women’s Day.
H|T: The Healthtech Times – AstraZeneca announces big Canadian expansion, hiring plans
Plus: BetterHelp barred by FTC from sharing data with Facebook.
Wattpad lays off 15 percent of workforce
Interim president says cuts come despite best efforts to limit economic impact.
S|W: The SaaS Weekly – Salesforce’s ‘one big family’ is showing cracks. Can Slack’s new CEO hold it together?
Plus: Not the first LastPass breach
Loopio, Reelhouse co-founders launch Barley to help make employee compensation easier, more equitable
Golden Ventures-backed Barley has raised $5.4 million CAD to date.