layoffs

With crypto under water, Ripple makes a splash announcing first Canadian office in Toronto

Startup plans to open engineering hub, hire 50 to start.

CEO says ApplyBoard’s large cash reserves, “counter-cyclical” education market give startup room to grow.

Plus: Rohlik bags $231M as market cools on food delivery startups.

“Every time they’ve introduced something our business has gone up significantly.”

Plus: Google pays $118 million for underpaying women.

The CEO cited market volatility despite Bonsai raising $21 million this year.

Plus: Wave CEO Kirk Simpson to step down three years after acquisition by H&R Block.

Plus: Inovia raises $420 million CAD for fifth early-stage venture fund.

Layoffs continue to sweep Canada’s tech sector.

Bitvo is one of the few Canadian crypto companies registered as a restricted dealer.

PwC data finds Canada’s growth in M&A last year was in step with a global surge.

Plus: Amazon’s Consumer Chief Dave Clark joins supply chain startup Flexport as CEO.

Listing comes after WonderFi reduced its staff by between 15 to 20 percent.

Approximately 13 percent of Wealthsimple staff are affected by the cuts.

Following Bitbuy acquisition, WonderFi has reduced staff by at least 15 to 20 percent.