Trulioo to cut up to 10 percent of staff, exit small business market
Vancouver-based unicorn plans to focus on medium and large enterprises.
layoffs
Coinsquare to acquire CoinSmart as consolidation of Canadian crypto traders continues
With acquisition, Coinsquare seeks a seat at the regulatory table.
R|T: The Retail Times – Shopify looks to recruit, retain talent with new employee comp
Plus: SkipTheDishes cuts staff.
AI startup Ada cuts 16 percent of its workforce
CEO cites tightening economy as Ada cuts 78 positions.
S|W: The SaaS Weekly – Adobe has $20 billion designs on Figma
Plus: Google to face $25 billion lawsuit.
Andgo Systems raises $5.6 million to make employee absence management easier
Andgo said it has added new major healthcare organizations as customers.
Canadian startup news of the week (9/18/22)
Plus: Shopify looks to recruit, retain talent with new employee comp.
Shopify rolls out new employee compensation system to recruit, retain talent amid stock slump
Flex Comp took effect September 1, following a delay Shopify attributed to regulatory considerations.
H|T: The Healthtech Times – CVS acquires Signify Health over Amazon
Plus: FTC reviewing Amazon’s One Medical purchase.
WELL Health among few tech companies to crack TSX30 amid sector downturn
Last year’s top performing companies included the likes of Shopify and Goeasy.
Communitech acquires Briefed.in to add data-backed insights to its repertoire
The Briefed.in deal is part of Communitech redefining its supports for startups.
R|T: The Retail Times – Shopify swaps key execs amid financial downturn
Plus: Microsoft invests in Travis Kalanick’s CloudKitchens startup.
A|I: The AI Times – The AI chip war goes hot
Plus: Startup behind AI image generator in talks to raise at a valuation up to $1 billion.
SkipTheDishes lays off 350 employees following global workforce review by parent company Just Eat
Just Eat cited the need to ensure sustainable growth.
F|T: The FinTech Times – Open banking working group failing to address critical issues
Plus: Dapper Labs backs blockchain gaming firm Revolving Games through $13.2 million USD round.