Hootsuite restructuring, laying off 30 percent of employees
CEO: “We need to refocus our strategies to drive efficiency, growth and financial sustainability.”
layoffs
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.
H|T: The Healthtech Times – Making your baby cry… for science
Plus: Could the Theranos that was promised come from Sudbury?
RenoRun lays off 12 percent of staff, pauses geographic expansion amid uncertainty surrounding consumer spending
CEO: “There’s just a level of uncertainty right across the board.”
Unbounce lays off 20 percent of staff as part of “larger company restructuring”
Unbounce CEO said cuts were necessary to support the company’s purpose and strategy.
F|T: The FinTech Times – Clearco, Coinsquare cut staff as Portage launches new late-stage fund
Plus: Caisse needs to explain its risky bet on crypto lender Celsius.
Canadian startup news of the week (8/1/22)
Plus: Our podcast was nominated for an award.
Shopify stumbling, Rogers resilient, recession fundraising
All bets are off.
Clearco cuts a quarter of staff amid “significant headwinds”
Clearco called the cuts “necessary” and “prudent.”
Coinsquare lays off 24 percent of staff amid turbulent crypto market, shifted focus to regulation
The cuts follow hiring sprees that took place across the crypto space last year.