Tech companies in Ontario are laying off tons of workers and they're not done yet Ontario Tech
CEO Ashnul Ruparell wrote a letter to the company's employees that read,"I am accountable for the decision to expand our team to support a level of scale and growth that is now clear will not materialize in the forseeable future."wrote in a letter to its employees that,"we expect several tech companies in our space to run out of capital over the next 12 to 18 months." The company laid off 34 employees, comprising 19 per cent of its workforce.
The wound care management company's senior talent acquisition partner shared the devastating news in a , writing"for the past few months, I have been a nervous spectator of the layoffs in the tech community...hoping and praying we weather these storms!"
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
B.C. snowstorm spiked ICBC accident claims by 150%In the nine days before the snowstorm, ICBC recorded, on average, 1,419 claims.
Read more »
Ontario's staycation tax credit is set to expire this monthThe Ontario Staycation Tax Credit, which lets Ontario residents get back up to 20% of eligible Ontario accommodation expenses, is set to expire at ...
Read more »
Ontario auto insurance premiums rose 14% since 2017, are highest in the country: AGBonnie Lysyk said in her annual report that Ontario has the highest private passenger auto insurance premiums in Canada, despite having one of the lowest rates of car crash injuries
Read more »
Ontario government did not tip off developers on Greenbelt changes: FordMike Schreiner asked the integrity commissioner to investigate whether Clark or Ford broke ethics rules
Read more »
Free rapid COVID-19 tests to be available at Ontario stores through to next JuneOntario Health Minister Sylvia Jones says the program that provides free rapid tests for COVID-19 will now be extended to June 30, 2023
Read more »
Ontario woman upset after encountering barriers when reporting sex assault in QuebecAn Ottawa woman felt angry and flustered that nobody seemed willing to help her ‘in any way, shape or form’ with a process that was already so emotionally difficult
Read more »