FreshBooks lays off 10 percent of staff as company targets profitability
FreshBooks’ second round of layoffs since December sees third C-suite exec depart in past year.
Layoffs
Amazon won’t confirm how many Canadians impacted by forthcoming 9,000 employee layoffs
Worldwide cuts will impact AWS, PXT, advertising, and Twitch teams.
Ontario proposes new regulations to tighten rules around mass layoffs
Remote employees are not currently entitled to same advance notice as office workers.
Meta’s additional staff cuts further call into question Facebook parent’s Canadian hiring plans
Meta plans to shed 10,000 employees, scale back hiring in second major round of layoffs since November.
Wattpad lays off 15 percent of workforce
Interim president says cuts come despite best efforts to limit economic impact.
Sonder lays off 14 percent of staff as it aims to become cash flow positive in 2023
Move marks Sonder’s second round of significant cuts since going public last year.
Dapper Labs cuts another 20 percent of staff while fending off class action suit
The move marks Dapper Labs’ second round of layoffs since November as it contends with declining NFT sales.
Koho lays off 14 percent of staff
CEO claims cut doesn’t extend runway, but will support growth efforts.
Alphabet commences Canadian layoffs
The cuts are part of Alphabet’s previously announced 6% staff reduction globally.
VerticalScope becomes latest public tech firm to make layoffs with 22 percent staff reduction
Cuts come after VerticalScope’s business deteriorated in Q4.
Ada latest Canadian unicorn to make additional staff cuts
The layoffs come four months after Ada reduced its staff by 16 percent.
OpenText closes $5.8 billion USD acquisition of Micro Focus, makes workforce reduction
OpenText said it expects to cut the combined entity’s teams by 8 percent due to Micro Focus acquisition.
Faced with insolvency, Ottawa’s Tehama forges ahead with founder-backed restructuring
Software startup for remote teams pursuing federal contract after fundraising falls through, bank relationship sours.
As Big Tech makes mass layoffs, recent Canadian startup reductions might cut deeper
PartnerStack, SSENSE, #paid, Shakepay, Venngage latest to cut staff.
Nuula sold to Nav Technologies following collapse of Series A round
Nuula CEO: Company planned to raised $5 million but it “became impossible to close.”