These are the Canadian firms laying off staff amid the post-pandemic tech wreck – via financialpost economy
The move comes as a cooling economy has dimmed the prospects for high-growth companies, especially those that benefitted from the shift to e-commerce during the pandemic.
Giants such as Amazon.com Inc. have not been immune from the changing economic picture, either. Earlier this month, Amazon said it had reduced its staffing levels by 100,000 positions by slowing hiring.Vancouver-based Hootsuite said Tuesday’s 30 per cent cut to global staffing would bring its head count to just over 1,000 and was part of an effort to restructure the company.
In an email statement, chief executive Tom Keiser said the move was made as the company refocuses its strategies “to drive efficiency, growth and financial sustainability.”Article content “We want to be very clear this decision is not a reflection on them, or their work. It is indicative of a change to our business that realigns our strategies with the positions we need to be successful,” Keiser said.
Last month, the company announced a rebranding, saying it was time to rethink its “integrated branding strategy to better reflect our position and our direction as the social experts, trusted partners, and joyful mentors.”
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These are the Canadian companies laying off staff amid the post-pandemic tech wreckA cooling economy has dimmed the prospects for high-growth companies, especially those that benefited from the shift to e-commerce during the pandemic
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These are the Canadian companies laying off staff amid the post-pandemic tech wreckThese are the Canadian firms laying off staff amid the post-pandemic tech wreck – via financialpost economy
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These are the Canadian firms laying off staff amid the post-pandemic tech wreckHere’s a rundown of the major tech layoffs that have hit Canada recently. Read on
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Canadian social media company Hootsuite laying off 30% of staff | CBC NewsCanadian tech company Hootsuite is laying off 30% of its staff. It's the latest firm to announce sweeping layoffs during a current surge in cutbacks in the tech sector. Hootsuite employs more than 1,200 people.
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Hootsuite to lay off 30 per cent of staff amid tech sector downturnHootsuite CEO Tom Keiser says the move comes as the social-media management company looks ‘to refocus our strategies to drive efficiency, growth and financial sustainability’
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