National

Hootsuite to lay off five per cent of staff

Darpan News Desk The Canadian Press, 02 Nov, 2022 05:01 PM

VANCOUVER - Social media company Hootsuite Inc. says it is laying off five per cent of its staff, just a few months after it laid off 30 per cent as part of a global restructuring.

Spokeswoman Tonja Aldis says the latest round of layoffs came from areas of duplication, reduced or slowed demand, and management.

When restructuring at the Vancouver-based company was announced in August, CEO Tom Keiser said Hootsuite needed to refocus its business so it could drive efficiency, growth and financial sustainability.

This latest round of layoffs comes as part of a wider trend in tech, with companies like Shopify Inc., Wealthsimple, RenoRun and others announcing cuts to their staff.

Data from Layoffs.fyi shows 728 startups worldwide have laid off about 95,732 employees this year.

Technology companies were among the best performers during the early part of the COVID-19 pandemic but its fortunes have turned in 2022 as economic concerns have investors moving to established companies rather than growth stocks.

Prev Next

MORE National ARTICLES

Lightning could complicate B.C. wildfire woes

Severe thunderstorm watches blanketed the B.C. interior from Prince George south to the U.S. border on Thursday. BC Wildfire Service information officer Karley Desrosiers said the forecast of lightning, gusty winds and high temperatures could make firefighting a challenge.

Lightning could complicate B.C. wildfire woes

Woman found with gunshot wounds in Downtown Eastside: VPD

Officers discovered the injured 39-year-old near Main Street and East Cordova just before 1 a.m., after she approached a passerby and asked for help. When officers arrived, they found the victim badly injured. VPD provided immediate first aid to the woman, who was taken to hospital and is now receiving treatment for serious injuries.

Woman found with gunshot wounds in Downtown Eastside: VPD

More people attached to language than Canada: poll

The survey, which was conducted by Leger for the Association for Canadian Studies, found 88 per cent of respondents reported a strong sense of attachment to their primary language, whereas 85 per cent reported the same for Canada.

More people attached to language than Canada: poll

Man arrested after exposing himself to hikers at Lynn Canyon Park

The man, who is in his 30’s and is a resident of Delta, was subsequently released on conditions that include not to attend Lynn Canyon Park. The Mounties are now appealing to that person to come forward and provide information about what they witnessed.

Man arrested after exposing himself to hikers at Lynn Canyon Park

Cyclist in hospital after a motor vehicle collision

On Tuesday, August 9th at approximately 1:59 p.m., Surrey RCMP attended to the scene of a cyclist struck by a work van in the 9700-block of 120 Street. Via release, the Mounties say the cyclist sustained serious injuries and was transported to hospital.

Cyclist in hospital after a motor vehicle collision

Snowbird jets grounded as accident investigated

The decision to ground the planes comes after a crash of one of the jets on Aug. 2 at the airport in Fort St. John, B.C. No one was hurt when the pilot made a hard landing and the Air Force says the cause of the accident remains under investigation.