Hootsuite replaces CEO, announces third round of layoffs in six months

The company is laying off about 7 per cent of its workforce and replacing CEO Tom Keiser

Then, on Tuesday, the Montreal payment-tech company Lightspeed Commerce Inc. said it would lay off a tenth of its 3,000 staff, while Toronto online-car marketplace Clutch Canada Inc. said it would cut more than half of its staff, amounting to 150 people. On Wednesday, Microsoft Corp.

The outgoing CEO Mr. Keiser had also joined Hootsuite at a turnaround moment. The company was once one of the darlings of the domestic tech sector. But it struggled in the late 2010s after aby its founding CEO Ryan Holmes to sell the company, and as social-media platforms have changed how their services interact with third-party dashboards.

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