Tech Talent Canada

Search Results for: layoffs

AI Startup Cohere Secures $500 Million, Plans Workforce Expansion Despite Layoffs

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Cohere, a Toronto-based AI startup, has successfully raised $500 million from prominent investors like Cisco, AMD, and Fujitsu. The funding round also saw contributions from Canadian pension investment manager PSP Investments and Canada’s export credit agency EDC, bringing Cohere’s valuation to an impressive $5.5 billion. Specializing in large language models for businesses, Cohere has attracted […]

With Layoffs in the Rearview, Canadian Tech Markets Aim for Return to Growth

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The global labour market continues to evolve amid a backdrop of remote work, shifting migration patterns, and increased economic development, suggests a new report. But at least the worst of the layoffs is probably behind us, data from CBRE shows. The worldwide unemployment rate closed 2022 at 5.8%, according to statistics from the United Nations’ […]

After Massive Layoffs, RenoRun Files For Creditor Protection

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Montreal’s RenoRun has filed for creditor protection in bid to avoid bankruptcy. Today the construction tech startup filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act, the first step in the process to restructure the firm and prevent all-out bankruptcy. RenoRun is an online platform that allows contractors to […]

Layoffs Continue in 2023 as Tech Firms Grapple with New Reality

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Much of the chaos and dust kicked up by the Covid-19 Pandemic is still shifting before settling. The once-consistent work environment is now a spectrum from all-office to all-remote across companies, impacting corporate culture and leaving entire downtown cores in a state of a flux. And that’s just the tip of the iceberg. In this new market, tech talent is […]

Alphabet Layoffs Redistribute AI Talent in Canada

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Alphabet’s recent announcement that it will cut a whopping 12,000 staff sent shockwaves throughout the industry. The move will impact many regions and organizations, including dealing a blow to Alberta’s burgeoning artificial intelligence scene. That is because Google owns DeepMind, the company’s AI research arm, which runs an office in Alberta. As a result of […]

Tech Layoffs Are Coming: How To Stay On The Right Side Of Lay-offs

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For the last few years, employment within the tech industry has boomed. There have been jobs for everyone at almost every level. Whether in-house or working from home. But times are changing. With the economy shrinking and Canada on the verge of another recession, we’re potentially approaching the end of the boom.  Jobseekers will face […]

Amid Layoffs and Possible Recession, Tech Employees Not in Good Spirits

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Several thousand Canadians employed in the technology sector have been laid off this year, as a brief post-Pandemic surge has quickly soured into a global downturn. Layoffs hail from a wide range of companies, including Ottawa’s Shopify, Toronto’s Clearco, and Vancouver’s Article and Unbounce. The freshly rebranded Hootsuite took a particularly large hit, trimming 30% of […]

Planning and Managing Layoffs During the COVID-19 Crisis

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Nobody ever wants to do layoffs. Laying your employees off is one of the hardest things you do as a leader. But remember, however badly you feel about it, your issues are small compared to those of the impacted employees. For them, the layoff may cause serious financial and psychological distress. It will also force […]

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