AlayaCare lays off 14 percent of employees, slows M&A plans
AlayaCare’s CEO said startup’s revenue growth has not followed its “aggressive investment.”
layoffs
Canadian startup news of the week (8/14/22)
Plus: Framework Venture Partners secures $100 million USD first close for second fund.
Three Canadian companies actively hiring across the country
Ada, LifeWorks, and Scotiabank are hiring for senior roles right now.
Can FinTech help Canadian Muslims with financial access?
Culture, compliance, and regulatory roadblocks are leaving Canadian Muslims underbanked.
H|T: The Healthtech Times – How long term care in hospitals could become obsolete
Plus: 10x Genomics lays off approximately 100 employees.
Market watch: Well Health, Magnet Forensics, Dialogue Health, and Thinkific Labs
Gains and losses aren’t about the verticals, but rather the companies.
R|T: The Retail Times – Lightspeed posts gains, Shopify invests
Plus: D2C startups not immune to downturn as Article, Mejuri make staff cuts.
Dooly latest Vancouver startup to cut staff amid broader market downturn
Dooly has joined a growing number of Canadian tech companies to trim their workforce, laying off 12 people.
Hootsuite restructuring, laying off 30 percent of employees
CEO: “We need to refocus our strategies to drive efficiency, growth and financial sustainability.”
Bootstrapped since 2008, Evidence Partners closes $20 million to tackle automated literature review market
Evidence Partners caters to more than 60% of the world’s largest pharma, medical device companies.
S|W: The SaaS Weekly – Inside this week’s massive BC tech exit
Plus: Layoffs across SaaS startups pile up.
F|T: The FinTech Times – Wealthsimple’s growth stalls, Robinhood’s retail investors flee
Plus: Kirk Simpson, Peter Carrescia team up with an idea to disrupt the digital identity space.
Canadian startup news of the week (8/7/22)
Plus: Sandpiper Ventures closes $20 million first fund focused on early-stage, women-led tech startups.
Tracking the tech downturn across Canada with data
When the party winds down, the hangover is fast to follow.
D2C startups not immune to downturn as Article, Mejuri make staff cuts
Article and Mejuri have cut their workforces by 17 and 10 percent, respectively.