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 […]
Layoffs
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 […]
Shopify Shocks Tech Ecosystem With Massive Workforce Reduction
In January 2021 Shopify announced plans to double the size of its engineering team in 2021 by hiring 2,021 new technical staff. One year before Shopify announced that they were making a significant investment in Vancouver, with plans to hire 1,000 employees and open their first permanent office. Today Shopify CEO Tobi Lütke announced that Shopify would […]
Thinkific Lays Off 20% of Workforce, Growth Remains On Track
Vancouver’s Thinkific announced today that they are reducing their workforce to better reflect the areas of focus and growth at the company. Co-Founder and CEO Greg Smith sent this letter to Thinkific employees. “We have made the difficult decision to reduce our workforce. We have grown from 270 at the end of Q1 2021 to […]