Loopio makes “difficult decision” to lay off nine percent of its team
byThe Toronto-based software startup made its first acquisition in May.
layoffs
Canadian app Apollo to shut down amid user protest against Reddit API pricing
byThe app, founded in Halifax, was created to improve Reddit for iOS users.
Code for Canada ED: Laid-off tech employees are overlooking opportunities in public service
byDorothy Eng argues tech professionals would enjoy the challenge of designing solutions for everyone in Canada, not just those…
Shopify cuts 20 percent of staff, announces sale of logistics division
by“There’s no way to make this good news,” Shopify CEO tells employees in company letter.
RenoRun shuts down operations as it pursues sale of assets
byRenoRun expects to close a purchase of its assets by no later than May 15.
Banking apps Pillar and Billi shut down as funding dries up for FinTech businesses
byVenture funding for FinTech startups in Canada plummeted by 70 percent in 2022.
Another round of layoffs hits Amazon employees in Canada
byRoles have been terminated in Amazon’s PXT and cloud divisions.
BetaKit’s most-read March stories show #CDNtech sector struggles continue as government innovation promises continue to lag
bySVB’s collapse kicked off a month that included new layoffs, bankruptcies, and AI disruptions.
After a tough year, Goodfood switches up CFO, promoting VP Roslane Aouameur
byAouameur’s strategic focus will be on profitability and positive cash flow.
RenoRun files for creditor protection after failed pursuit of “Hail Mary” deals to save company from insolvency
byThe filing follows four attempts to raise bridge financing and multiple rounds of layoffs.
Rewind cuts 27 percent of staff as its growth slows in parallel to Shopify
byAmid downturn, e-commerce slowdown, Rewind targets breakeven.
Symend reduces team by 25 percent in restructuring, four months after $54 million round
byLatest cuts come after Symend laid off 13 percent of staff late last year.
Canada Drives undergoing restructuring as it files for creditor protection
by“The rising costs of holding inventory…has made this specific business model no longer viable.”
FreshBooks lays off 10 percent of staff as company targets profitability
byFreshBooks’ second round of layoffs since December sees third C-suite exec depart in past year.
Amazon won’t confirm how many Canadians impacted by forthcoming 9,000 employee layoffs
byWorldwide cuts will impact AWS, PXT, advertising, and Twitch teams.