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 […]
Layoffs
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. […]
Vancouver’s Dooly Parts with a Dozen Staff
Software-as-a-service startup Dooly is another victim of the market downturn. The Vancouver-based SaaS firm, which uses AI to help salespeople, let go of a dozen of their 100-strong team. Kris Hartvigsen, who founded Dooly in 2014, expressed his sentiment surrounding the decision in a post on LinkedIn. “We might be a SaaS company where most […]
Hootsuite Hammered by Downturn, Cuts 30% of Staff
Tech firms across Canada continue to face significant headwind. In just the Vancouver area, stable tech firms Unbounce and Article saw major layoffs within the past week. Across the land, we’ve seen rapidly growing companies like Ottawa’s Shopify and Toronto’s Clearco abruptly reverse course. Now it is Hootsuite’s turn. Despite scaling back hiring plans earlier […]
Article Trims 200+ Employees After Losing Same E-Commerce Gamble as Shopify
Another one bites the dust. From Unbounce to Clearco to Shopify, Vancouver-based Article is the latest in a long line of Canadian technology firms who after recently experiencing marked growth abruptly shifts to significant layoffs. “Today is a very difficult day at Article,” CEO Aamir Baig wrote in a memo. “This is my fault.” Baig let […]
Unbounce the Latest Tech Firm in Canada to Face Unexpected Layoffs
From launching its “next phase of growth” to trimming staff within two months: Unbounce is the latest technology company in Canada to face sudden layoffs in the midst of a global downturn. “Today we said goodbye to 47 talented people as part of a company-wide restructure across the Unbounce and LeadsRx teams,” wrote chief executive […]