After 10 years leading Tulip, Ali Asaria steps down as CEO
Tulip COO and president Ian Rawlins to replace Asaria.
Layoffs
$86-million Series D extension has Koho targeting growth and profitability
Canadian challenger bank reaches one million users, $100-million run rate.
FreshBooks president and CEO depart as company lays off six percent of employees
FinTech firm promotes two interim co-CEOs, embarks on search for next leader.
WonderFi-owned Bitbuy acquires customers of fellow regulated Canadian crypto exchange Bitvo
The move comes a year after the collapse of Bitvo’s deal with would-be acquirer FTX.
Tokens.com slashes headcount by 40 percent in push to cut costs
Web3 firm is also exploring a potential sale of business segments.
Faire cuts 250 employees in its second layoff round in last year
Last year, Faire slashed seven percent of its workforce as the e-commerce boom dimmed.
“Cooler financing environment” leads StellarAlgo to restructure and make layoffs
Twenty-one employees laid off could represent nearly one quarter of Calgary startup’s headcount.
Saskatoon software startups Vendasta, 7shifts, Andgo Systems make layoffs
Vendasta CMO: “Every tech company right now needs to be thinking about profitable growth.”
Loop Energy lays off majority of staff, citing challenging capital market conditions
Hydrogen fuel cell firm terminates 84 employees, shuts China office.
Paper cuts more staff in second round of layoffs since August
Another 87 “paperites” let go as EdTech startup aims for profitability.
Cancer-focused Imagia Canexia Health files for bankruptcy 18 months after merger
Oncology tech firm closed a $20-million round and led an $18-million Supercluster project in 2022.
Legaltech scaleup Athennian navigates growing pains with layoffs, leadership changes
Athennian CEO says changes part of company “preparing for its next level of scale.”
After only four years in market, OMERS Ventures is pulling out of Europe to focus on North America
North America is “best positioned to weather the current and future economic storms,” said global managing partner Damien…
Canadian startup struggles continue as Silofit closes up shop, Top Hat and Fable cut staff
Trio joins growing list of Canadian tech firms that have restructured or ceased operating during the downturn.
With school districts ‘striving to achieve more with less,’ layoffs come to Paper
The EdTech startup’s founders said the decision was not made lightly.