layoffs

Koho lays off 14 percent of staff

CEO claims cut doesn’t extend runway, but will support growth efforts.

Plus: OpenText acquires Micro Focus.

Garmin’s Canadian expansion comes as other Big Tech companies are cutting back.

Jobber hit $100 million in revenue in 2022, but CEO still sees plenty of room to grow.

Plus: PayPal to cut 2000 workers.

Plus: Raven Indigenous Capital Partners closes second fund.

A one-on-one interview with the BetaKit Podcast’s co-host about what it takes to start—and end—a business.

Plus: Activist investor takes big stake in Salesforce.

Plus: does Ottawa have the right plan to support an AI industry?

Lightspeed makes slight revenue gain but faces recessionary pressures in the marketplace.

The layoffs come four months after Ada reduced its staff by 16 percent.

Plus: Amazon expands into pharmacy.

Paperstack sees room to grow as larger players cut back amid economic headwinds.

Plus: Tiny Capital enters deal to go public.

OpenText said it expects to cut the combined entity’s teams by 8 percent due to Micro Focus acquisition.