Canadian startup news of the week (4/12/20)
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…
layoffs
Federal government’s 75 percent wage subsidy passed by Senate
The Canada Emergency Wage Subsidy (CEWS) has passed in the Canadian Senate. The legislation, passed Saturday evening, is aimed…
S|W: The SaaS Weekly – Churn concerns
The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe. Subscribe to S|W using the…
Mejuri lays off 15 percent of staff as it’s forced to close all retail stores due to pandemic
E-commerce fine jewelry startup Mejuri has laid off 15 percent of its team and has closed all of its retail stores due to the…
As Lighthouse Labs faces staff cuts, extends coding scholarships to COVID-19 jobless
Coding school Lighthouse Labs has laid off 14 employees, citing necessary company changes brought on by COVID-19, BetaKit has…
R|T: The Retail Times – Bad Ritual
The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe. Subscribe to R|T using…
Canadian Advanced Technology Alliance urges feds to release backlogged SR&ED funding
The Canadian Advanced Technology Alliance (CATA) is submitting an “emergency” funding proposal to the federal government…
Raw Signal Group launches online course to help bosses manage new COVID-19 realities
Toronto-based leadership training company Raw Signal Group is offering an online course for bosses dealing with the new work…
Borrowell lays off 20 percent of staff, citing financial institutions “pulling back” amid COVID-19
Toronto-based FinTech startup Borrowell has laid off approximately 20 percent of its staff, as the impacts of the COVID-19…
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,…
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…