Senate expenses climbed to $7.2 million in 2023, up nearly 30%
Senators in Canada claimed $7.2 million in expenses in 2023, a nearly 30 per cent increase over the previous year.
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.
Senators in Canada claimed $7.2 million in expenses in 2023, a nearly 30 per cent increase over the previous year.
Police say a baby and a pedestrian suffered non-life-threatening injuries after a vehicle struck a baby stroller and dragged it for two blocks before stopping in Squamish, B.C.
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
Individuals being barred from entering Ontario’s legislature while wearing a keffiyeh say the garment is part of their cultural identity— and the only ones making it political are the politicians banning it.
The RCMP says it has uncovered a plot by two men in Montreal to sell Chinese drones and military equipment to Libya illegally.
The U.S. Justice Department announced a US$138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest.
The Vancouver Canucks will be without all-star goalie Thatcher Demko when they face the Nashville Predators in Game 2 of their first-round playoff series.
A 35-year-old man wanted in connection with the murder of Toronto resident 29-year-old Sharmar Powell-Flowers nine months ago has topped the list of the BOLO program’s 25 most wanted fugitives across Canada, police announced Tuesday.
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
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.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
Molly Knight, a Grade 4 student in Nova Scotia, noticed her school library did not have many books on female athletes, so she started her own book drive in hopes of changing that.
Almost 7,000 bars of pure gold were stolen from Pearson International Airport exactly one year ago during an elaborate heist, but so far only a tiny fraction of that stolen loot has been found.