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.
SaaS
Zenhub closes $10 million to make platform for managing software projects more accessible
Yaletown-backed Zenhub aims to take the silos out of software development.
Yaletown Partners hits $200 million final close for Innovation Growth Fund II
Yaletown saw four exits in 2022, including Tasktop, Circle Cardiovascular Imaging.
Web3 startup Helika closes $4 million seed round led by Diagram Ventures
Diagram: “We see Helika at the forefront of a rapidly evolving industry.”
Wattpad lays off 15 percent of workforce
Interim president says cuts come despite best efforts to limit economic impact.
Magnet shares independent advisor report recommending $1.8 billion acquisition as some shareholders push to halt deal
One of Magnet’s largest investors says $1.8 billion price tag “simply too low.”
S|W: The SaaS Weekly – Salesforce’s ‘one big family’ is showing cracks. Can Slack’s new CEO hold it together?
Plus: Not the first LastPass breach
Loopio, Reelhouse co-founders launch Barley to help make employee compensation easier, more equitable
Golden Ventures-backed Barley has raised $5.4 million CAD to date.
S|W: The SaaS Weekly – TikTok under investigation in Canada for data use
Plus: DOJ to block Adobe’s Figma deal?
Hootsuite follows Twitter lead as company ditches free plans
Twitter eliminating free API access is expected to have wide-ranging implications.
Miovision acquires Winnipeg’s MicroTraffic to better predict traffic collisions
MicroTraffic uses AI to predict potential traffic accidents.
Government of Canada to launch $250 million initiative to train skilled workers
In record-tight labour market, feds aim to upskill workers for high-growth industries.
Canadian privacy commissioners launch joint investigation into TikTok data use
TikTok agreed to a $2 million settlement for a Canadian class action lawsuit last year.
At adtech startup Nova, president Matt Crenshaw steps into the CEO position
Former CEO Gupta shifts over to the board, advisory role.
Croptimistic acquires CropPro Consulting, secures $9.1 million from Forage Capital
Cory and Shannon Willness first built CropPro in 2003, then Croptimistic in 2018.