Clearco hands overseas business to Outfund to focus on North American market
The market exit comes less than a year after Clearco began expanding its international operations.
Layoffs
Q4 Inc. lays off eight percent of staff to accelerate “path to profitability”
Restructuring impacts the company’s sales, marketing, R&D teams.
Vendasta lays off staff after the pandemic spurred fast-pace growth
Vendasta’s teams are spread across Canada, India, and the US.
Canadian tech companies continue to hire despite downturn – here’s an (incomplete) list
300 tech companies say they are still hiring in Canada.
AlayaCare lays off 14 percent of employees, slows M&A plans
AlayaCare’s CEO said startup’s revenue growth has not followed its “aggressive investment.”
Dooly latest Vancouver startup to cut staff amid broader market downturn
Dooly has joined a growing number of Canadian tech companies to trim their workforce, laying off 12 people.
Hootsuite restructuring, laying off 30 percent of employees
CEO: “We need to refocus our strategies to drive efficiency, growth and financial sustainability.”
D2C startups not immune to downturn as Article, Mejuri make staff cuts
Article and Mejuri have cut their workforces by 17 and 10 percent, respectively.
Uberflip CEO attributes company layoffs to “unsteady economy”
Uberflip laid off 31 employees.
RenoRun lays off 12 percent of staff, pauses geographic expansion amid uncertainty surrounding consumer spending
CEO: “There’s just a level of uncertainty right across the board.”
Unbounce lays off 20 percent of staff as part of “larger company restructuring”
Unbounce CEO said cuts were necessary to support the company’s purpose and strategy.
Clearco cuts a quarter of staff amid “significant headwinds”
Clearco called the cuts “necessary” and “prudent.”
Coinsquare lays off 24 percent of staff amid turbulent crypto market, shifted focus to regulation
The cuts follow hiring sprees that took place across the crypto space last year.
Shopify laying off 10 percent of staff
Lütke: “It’s now clear that bet didn’t pay off.”
Introhive cuts 16 percent of workforce citing market conditions
CEO said the current environment makes it challenging to fund Introhive’s high-growth strategy.