Former tech darling Dapper Labs is continuing a downward trajectory. The Vancouver-born startup spun out of startup studio Axoim Zen in 2017 and shot toward fame through 2021 via non-fungible tokens and its Flow blockchain. However, Dapper has been experiencing a reversal of fortune over the past year. It began last November when the crypto […]
Layoffs
Significant Layoffs Downsize Vancouver Game Studio Relic
Known for its Warhammer 40,000 series of games, Relic Entertainment is laying off more than 100 staff, the company announced this week. The game development studio, launched in a small office above a bar in Yaletown in 1997, confirmed the termination of 121 staff members. This is a rather significant chunk of employees for a […]
Absolute Software Restructures Workforce, Sheds Office Space to Lower Expenses
Absolute Software spent most of 2022 expanding. After acquiring Seattle’s NetMotion Software in 2021 for US$340 million, the Vancouver-born tech firm made “significant” investments in building out its European infrastructure with the opening of a dedicated data centre. Recently however the BC company has been compelled to restructure its workforce, which involves the elimination of […]
Dapper Labs Adjusts Company to New Crypto Reality
Dapper Labs spun out of startup studio Axoim Zen in 2017 and was named to Techcouver’s 10 Homegrown B.C. Startups to Watch in 2021. Soon after, the startup raised a USD $250 million funding round which valued the digital collectibles startup at over $7 billion and set them up for a busy 2022. Last year Dapper Labs cracked the […]
Hootsuite Appoints New CEO, Lays Off 70 More Staff
Hootsuite has conducted its third round of layoffs in about six months, laying off 70 more staff today. According to The Logic, the layoffs affect about seven per cent of its staff. Last year Hootsuite laid off five per cent of its workforce in November and 30 per cent in August as tech firms looked to extend their […]
Thinkific Takes More ‘Difficult Steps’ in Push to Achieve Profitability
Thinkific’s rebound continues down a bumpy path as the Vancouver technology firm this week laid off several dozen more staff. The BC-born cloud-based software platform, which enables entrepreneurs and businesses to create and sell digital learning products, has announced another reduction in workforce. “We closed the fourth quarter as expected, and with the initiatives we […]
Amid Rebound, Thinkific Endures More Layoffs
Thinkific quietly laid off a few more staff last week, according to a source familiar with the company. The Vancouver-based tech company enables users to create and market online courses. Profitable in 2018, the startup benefitted from a Pandemic-driven boost in online activity, raising $22 million in 2020 to continue shaping the future of online courses. By […]
Seeking to Improve ‘Alignment with Goals,’ Kabam Games Reduces Workforce by 7%
Vancouver-based Kabam Games has laid off about three dozen employees, according to a new report. At the start of the year, Kabam boasted more than 500 employees, including over 300 in the Vancouver region alone. These figures may run slightly smaller for now, however. “We made the decision to adjust our resourcing structure in alignment […]
Web3 Darling Dapper Labs Lays Off 22% of Staff
Less than one month after picking up not one award, but two awards, at BC Tech’s 2022 Technology Impact Awards, web3 darling Dapper Labs has laid off 22 per cent of staff. Dapper Labs, the company behind NBA Top Shot and the Flow blockchain, topped the Spirit of BC Tech – Ambition and Excellence in […]
Latest Hootsuite Cut Reflects ‘Current Economic and Market Realities’
This week, Hootsuite let go of a few more staff. “Today, Hootsuite made the difficult decision to go through another round of layoffs, and unfortunately I was affected,” a former product manager for the Vancouver company revealed on LinkedIn earlier this week. A Hootsuite spokesperson informed Daily Hive that roughly 5% of staff were cut. […]