Hardbacon to file for bankruptcy after Google search changes crush affiliate business
CEO says Google’s algorithm updates decimated SEO-reliant financial product referral revenue.
Layoffs
Tech layoffs drag down the dog days of summer
Plus: John Ruffolo on where the silver linings are.
JustEat, SkipTheDishes lay off 800 Canada-based employees following “comprehensive review”
Food delivery app SkipTheDishes went through three CEOs in 2023.
Paper CEO Phil Cutler out, startup cuts 45 percent of HQ staff and all Canadian tutors
Startup sees fourth round of layoffs within a year as EdTech veteran Rich Yang becomes interim CEO.
Loop Energy alerts creditors to restructuring after layoffs, strategic review
TSX-listed hydrogen fuel cell company owes creditors more than $13 million, including $9 million to PacifiCan.
Intuit closes Edmonton office as company-wide layoffs impact 10 percent of employees
Some roles are being consolidated to its Toronto office to “better align” resources, company says.
OpenText lays off 1,200 employees as part of restructuring plan
CEO plans to add 800 new roles in sales, professional services, and engineering.
MaRS makes layoffs as part of business model “resetting”
Innovation hub wants to “significantly increase engagement with the private sector and philanthropic circles.”
Vidyard rolls out AI avatars after securing funding from EDC and existing backers
With AI Avatars, Vidyard aims to facilitate “personalized video communications at scale.”
Lightspeed reduces staff by 10 percent in suite of cost-cutting steps following Dax Dasilva’s return
Layoffs part of company’s reorganization strategy following a disappointing response to Q3 earnings.
With new president Sarah Miller Wright, Certn targets profitable growth over acquisitions
Following 2023 layoffs, Miller Wright must steer Certn’s global operations through a “transformation year.”
EdTech game developer Prodigy Education adds CFO to refreshed leadership team
After September 2022 “reset,” Prodigy has set its sights back on sustainable growth.
Toronto software companies Top Hat, Loopio, Wattpad make layoffs
Trio downsizes for second time in past year as tech cuts continue into 2024.
7shifts cuts 19 percent of staff in new layoffs to start 2024
This marks the restaurant software firm’s second workforce reduction in four months.
BenchSci trims headcount citing generative AI, economic conditions
BenchSci confirmed to BetaKit that it laid off 17 percent of its workforce.