Ada latest Canadian unicorn to make additional staff cuts
The layoffs come four months after Ada reduced its staff by 16 percent.
layoffs
H|T: The Healthtech Times – Smile Digital Health nabs $30 million Series B
Plus: Amazon expands into pharmacy.
As Clearco and Wayflyer struggle, Paperstack secures $9 million in equity, debt to fuel pivot into e-commerce lending
Paperstack sees room to grow as larger players cut back amid economic headwinds.
R|T: The Retail Times – Shopify loses third C-Suite exec since September
Plus: Tiny Capital enters deal to go public.
OpenText closes $5.8 billion USD acquisition of Micro Focus, makes workforce reduction
OpenText said it expects to cut the combined entity’s teams by 8 percent due to Micro Focus acquisition.
Faced with insolvency, Ottawa’s Tehama forges ahead with founder-backed restructuring
Software startup for remote teams pursuing federal contract after fundraising falls through, bank relationship sours.
RocketRez closes $20 million CAD Series B to fuel European tourism expansion
CEO: “We’re a little company in Manitoba taking on the world.”
F|T: The FinTech Times – Stripe’s path to IPO
Plus: Blockstream lands $125 million.
Tech-related roles dominate Indeed’s best jobs list in Canada for 2023
Data engineers still in demand despite downturn-induced layoffs.
Canadian startup news of the week (1/29/23)
Plus: Another Shopify C-suite exec departs.
Can Amber Mac explain WTF is happening in tech right now?
Not quite the best start to 2023 for tech.
Smile Digital Health secures $30 million Series B to expand AI, machine learning capabilities
LinkedIn posts indicate Smile Digital Health quietly let people go last year.
A|I: The AI Times – Microsoft wants OpenAI everywhere, Google calls in reinforcements
Plus: Is Tesla’s autopilot ‘overhyped’?
S|W: The SaaS Weekly – Hootsuite swaps CEOs amidst third set of staff cuts
Plus: Magnet Forensics gets acquired in $1.8 billion CAD deal.
H|T: The Healthtech Times – How Tomi Poutanen is using AI to tackle Canadian healthcare
Plus: Teladoc Health lays off 300 staff.