Canadian startup news of the week (4/05/20)
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…
layoffs
Black Swan #3 – Is this pandemic tax deductible?
It was a tough week. Last Thursday, Canadian tech woke up to the cold reality that the 75 percent federal wage subsidy wasn’t…
Mogo lays off 30 percent of staff, makes company wide cuts citing COVID-19 uncertainty
Vancouver-based FinTech company Mogo has temporarily laid off 30 percent of its staff in a move to prepare for the growing…
Opencare lays off one-quarter of staff as it prepares to “weather the storm” of COVID-19
Toronto-based Opencare, a healthcare booking company, last week laid off 18 members of its team, as its core business has been…
Federal government’s updated work-sharing program more open to startups amid COVID-19
In light of the COVID-19 pandemic, the federal government has introduced new measures to its existing work-sharing program,…
Ritual cuts staff in half, reduces operations due to COVID-19
Toronto-based food ordering and mobile pickup app Ritual has laid off more than half of its employees and is set to reduce…
Morneau provides more detail on government’s 75 percent wage subsidy for Canadian businesses
The 30 percent decline in revenue needed for businesses to be eligible for the federal government’s 75 percent wage subsidy…
Québec organizations rally residents to buy from local startups on April 2
A group of organizations is putting together an event on April 2 that encourages Québec residents to buy a product or service…
Canadian startup news of the week (3/29/20)
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…
Trudeau announces 75 percent wage subsidies, interest-free loans for Canadian small businesses
On Friday, Prime Minister Justin Trudeau announced that the federal government will now be providing 75 percent employees wage…
Ecobee lays off 10% of staff, cancels new product line in COVID-19 market
Toronto-based IoT thermostat startup Ecobee has laid off 47 employees, BetaKit has learned. Ecobee has confirmed the layoffs…
CEOs say lack of targeted support will shutter Ontario tech companies in open letter to Premier
More than 230 CEOs of leading tech enterprises and innovation hubs from Ontario have issued an open letter to Ontario Premier…
Rangle temporarily lays off 78 employees as financial pressures from pandemic hit #CDNtech
Toronto-based development agency Rangle.io has made the decision to initiate temporary layoffs for 78 employees, as financial…
#MoveTheDial pauses operations for foreseeable future amid COVID-19 pandemic
Canadian tech organization #MoveTheDial has decided to pause company operations “for the foreseeable future” as…
Canadian Senate passes $82 billion COVID-19 federal support package
The Canadian Senate has passed the $82 billion emergency support package introduced by the federal government over the past…