Here's where Canadians are living abroad: report
A recent report sheds light on Canadians living abroad--estimated at around four million people in 2016—and the public policies that impact them.
Hootsuite Inc. said Tuesday it will lay off 30 per cent of its staff as part of a global restructuring.
The Vancouver-based social media business declined to answer questions about the exact number of staff laid off or what triggered the job cuts, but the most recent figures from financial data firm Refinitiv show the company employs about 1,000 people.
"Today is a hard day at Hootsuite...This sadly means we are saying goodbye to some of our people," said Hootsuite CEO Tom Keiser, in a statement.
"These people are our colleagues and our friends. They are some of the best in their fields, and we will do whatever we can to help them land well elsewhere."
He added that the move will help the company once considered a darling in Canada's tech scene to realign itself with strategies that can make it successful. In particular, he said Hootsuite needs to refocus, so it can drive efficiency, growth and financial sustainability.
He declined to elaborate further on the restructuring, saying, "Today our focus is on our people, both those who are leaving us and those who are staying, and ensuring our customers continue to receive the support they need."
Hootsuite's cuts come as tech companies have conducted similar layoffs in recent weeks as investor interest in tech stocks has faded.
Among the most high profile was Shopify Inc. which laid off 10 per cent staff last month, after Wealthsimple had already slashed its workforce by 13 per cent.
Also in the mix is Clearco, an e-commerce investing platform run by "Dragon's Den" star Michele Romanow, which reduced its head count by 25 per cent at the end of July.
Data from Layoffs.fyi shows 493 startups worldwide have laid off about 67,562 employees this year.
Hootsuite's Keiser has been at the helm of the company since 2020, when he replaced founder Ryan Holmes.
Under Keiser's tenure, Hootsuite acquired artificial intelligence chatbot company Heyday for $60 million in 2021.
At the time, it said it wanted to buy the Montreal-based company because the e-commerce sector was rapidly moving onto social and messaging platforms, and the purchase would give Hootsuite more opportunities to help brands elevate their customer experiences.
This report by The Canadian Press was first published Aug. 9, 2022.
A recent report sheds light on Canadians living abroad--estimated at around four million people in 2016—and the public policies that impact them.
Polish President Andrzej Duda says while no decision has been made around whether Poland will host nuclear weapons as part of an expansion of the NATO alliance’s nuclear sharing program, his country is willing and prepared to do so.
Harvey Weinstein’s lawyer said Saturday that the onetime movie mogul has been hospitalized for a battery of tests after his return to New York City following an appeals court ruling nullifying his 2020 rape conviction.
One person was killed in a six-vehicle crash on Highway 400 in Innisfil Friday evening.
Ontario is now home to an invasive and toxic worm species that can grow up to three feet long and can be dangerous to small animals and pets.
A number of LGBQT+2s groups in Central Alberta are pushing back against a request from the Red Deer South UCP constituency to reinstate MLA Jennifer Johnson into the UCP caucus.
It's one thing to say you like Taylor Swift and her music, but don't blame CNN's AJ Willingham's when she says she just 'doesn't get' the global phenomenon.
Sophie Gregoire Trudeau says there is 'still so much love' between her and Prime Minister Justin Trudeau, as they navigate their post-separation relationship co-parenting their three children.
A girl and a boy, both 14 years old, made their first appearance today in a Halifax courtroom, where they each face a second-degree murder charge in the stabbing death of a 16-year-old high school student.
As if a 4-0 Edmonton Oilers lead in Game 1 of their playoff series with the Los Angeles Kings wasn't good enough, what was announced at Rogers Place during the next TV timeout nearly blew the roof off the downtown arena.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
A property tax bill is perplexing a small townhouse community in Fergus, Ont.
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”