layoffs

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.

CEO: “We’re a little company in Manitoba taking on the world.”

Plus: Blockstream lands $125 million.

Data engineers still in demand despite downturn-induced layoffs.

Plus: Another Shopify C-suite exec departs.

Not quite the best start to 2023 for tech.

LinkedIn posts indicate Smile Digital Health quietly let people go last year.

Plus: Is Tesla’s autopilot ‘overhyped’?

Plus: Magnet Forensics gets acquired in $1.8 billion CAD deal.

Plus: Teladoc Health lays off 300 staff.

Startup will stay in the family business after ex-parent Traction on Demand’s acquisition by Salesforce.

Plus: the end of an era for crypto’s pseudo-banks.

In the worst tech downturn in more than a decade, some LPs aren’t honouring capital calls from Canadian VCs. It’s killing…

Plus: Vidyard eyes $1 billion in revenue.

Clio, Busbud, Ceridian, and Global Relay all looking to hire.