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Missing 3-year-old boy found dead in creek in Mississauga, Ont.: police
A three-year-old boy has been found dead a day after he went missing in a park in Mississauga, Ont., Peel police say.
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 three-year-old boy has been found dead a day after he went missing in a park in Mississauga, Ont., Peel police say.
Against the rainy Paris night sky, Celine Dion staged the comeback of her career with a powerful performance from the Eiffel Tower to open the Olympic Games.
Premier Danielle Smith said Friday afternoon in Hinton while weather conditions are cooler, the Jasper fire is still considered out of control and that Jasper residents can expect to be away from their homes 'for several weeks.'
An Irish museum will withdraw a waxwork of singer-songwriter Sinéad O'Connor just one day after installing it, following a backlash from her family and the public, it told CNN in a statement on Friday.
A Winnipeg senior is getting soaked with a six-figure water bill.
Nearly two weeks after Donald Trump's near assassination, the FBI confirmed Friday that it was indeed a bullet that struck the former president's ear, moving to clear up conflicting accounts about what caused the former president's injuries after a gunman opened fire at a Pennsylvania rally.
Orillia OPP arrested and charged a driver with impaired driving after flashing their high beams.
A powerful Mexican drug cartel leader who eluded authorities for decades was duped into flying into the U.S., where he was arrested alongside a son of Joaquin "El Chapo" Guzman, according to a U.S. law enforcement official familiar with the matter.
The lawyer for a former judge whose claims to be Cree were questioned in a CBC investigation says his client is not considering legal action against the broadcaster after the Law Society of British Columbia this week backed her claims of Indigenous heritage.
As fire threatened people in Jasper National Park, Colleen Knull sprung into action.
Video posted to social media on Thursday morning appears to show the charred remains of a Jasper, Alta., neighbourhood.
A Saskatchewan-born veteran of the Second World War was recently presented with France's highest national order.
A local First Nations elder and veteran is helping to bring the Ojibwe language to a well-known film for the first time.
A cat who fled her Montreal home nearly a decade ago has been reunited with her family after being found in Ottawa.
A woman in Waterloo, Ont. is out thousands of dollars for a car crash she wasn’t involved in.
A swarm of bees living in a lamppost in Winnipeg’s Sage Creek neighbourhood has found a new home for its hive.
Around 100 acres of Manitoba Crown Land near the Saskatchewan border is being returned to the Métis community.
Nova Scotia is suspending the licensed Cape Breton moose hunt for three years due to what the province is calling a “significant drop” in the population.