A cooling compensation market is currently the prevailing wind in Canada’s tech talent market, finds this year’s Tech Sector Salary report. The 2024 report, conducted by TAP Network and produced by Mercer, showed a median salary increase of less than 4%, a marked decline from 2023’s median increase of nearly 8%. Voluntary turnover also declined […]
Search Results for: layoffs
How Leadership at KOHO Aims to Differentiate Hiring, Retention Practices
After raising substantial financing, including more than $200 million in 2022, things went south for Koho. That year, Koho was recognized by Team True North, representing fintechs as one of Canada’s most promising growth companies. But 2023 saw layoffs and a lack of profitability. Resilience has been a crucial component of any company that has […]
Despite Canada’s Hiring Slowdown, Clio Grows Workforce by 15% to Reach 1,000
You would be hard pressed to find a Canadian in the legal-tech realm who has not heard of Clio. When Clio launched in 2008 at ABA TECHSHOW, no one could have predicted its significant impact on the legal industry. The Vancouver-based company has since grown into a global force in legal technology, with over 150,000 […]
5 Sought-After Toronto Startups for Canadian Job Seekers in 2024
The past year has been challenging for a range of businesses, marked by continued inflation and an increasingly uncertain economic landscape. Startups have not been immune, with venture capital deals in Canada dropping by 71% on an annual basis in the first quarter as higher interest rates and the collapse of Silicon Valley Bank rippled through the global […]
Three Trends Impacting Canadian Tech Talent Heading into 2024
It is an interesting time to be at the intersection of tech and talent in Canada in 2023. Even by the already accelerated standards of the tech industry, the rate of change in recent years has been challenging to keep up with. The angles which change is coming from are varied, making it all the […]
Article Actively Hiring for New CGI Team to Bolster Ecommerce Experience
In 2022, Vancouver-based Article joined a long list of Canadian tech firms who, pressured by sudden economic shifts, made the difficult decision to downsize. “Today is a very difficult day at Article,” chief executive Aamir Baig wrote in a memo last August, as his company . “This is my fault.” Baig let go of more than […]
International Firms Target Canadian Tech Talent for Next Chapter of Growth
Much of last year in tech was marked by layoffs, from fledging local startups with limited reserves to some of the biggest tech titans on earth in Amazon and Meta, and hiring remains slow. Still, this is tech—wherever there is a downside there is also an opportunity. For all the doom and gloom, companies across Canada are […]
Most Canadian CEOs Intend to Grow Company Headcount Moving Forward
The chief executives behind Canada’s companies consider inflation, cost of living, new technologies, a tight labour market, and geopolitical uncertainty as factors liable to derail future growth, finds KPMG International’s 2023 CEO Outlook. A high rate of personal confidence in the Canadian economy carries over from last year’s record optimism but is tempered an “unprecedented list […]
LinkedIn’s 15 Startups Where Canadians Want To Work
The past year has been challenging for a range of businesses, marked by continued inflation and an increasingly uncertain economic landscape. Startups have not been immune, with venture capital deals in Canada dropping by 71% on an annual basis in the first quarter as higher interest rates and the collapse of Silicon Valley Bank rippled through the global […]
Promising Future for Canadian Tech Talent Emerges from Chaos of 2022
From the start of 2020 through the end of 2022, Canada’s tech talent workforce expanded by 150,000, according to data from CBRE’s 2023 Scoring Tech Talent report. Momentum halted last year, though, when 150,000 tech workers were laid off globally across 1,000 companies. It was a wild and bumpy ride for many. But layoffs haven’t damped Canada’s […]