National

Hootsuite lays off 7% of staff, names new CEO

Darpan News Desk The Canadian Press, 18 Jan, 2023 04:12 PM

VANCOUVER - Social media technology company Hootsuite Inc. is laying off seven per cent of its staff in its third job cut in the last year and replacing its chief executive.

The Vancouver company says the latest round of layoffs amounts to about 70 people and is meant to position the business for the long term.

The job cut comes after Hootsuite reduced its workforce by five per cent in November and 30 per cent in August.

The company says it will also replace chief executive Tom Keiser, who has run Hootsuite since 2020, with Irina Novoselsky, who headed Career Builder Inc.

This latest round of Hootsuite layoffs comes the same day as Microsoft cut 10,000 workers and days after Lightspeed Commerce Inc. and Clutch made cuts.

The sector's layoffs are largely being attributed to fading investor exuberance, plummeting valuations and shifting consumer habits.

Prev Next

MORE National ARTICLES

Applications open for dental care benefits

The benefit, to be used toward dental services, is available for children under 12 in families that earn less than $90,000 a year and ranges from $260 to $650 per child depending on net income.

Applications open for dental care benefits

Canada gains on U.S. in permanent resident race

It's a record that will likely be beaten more than once in the coming years, as a Canadian federal immigration plan released earlier this month aims to admit 465,000 new permanent residents in 2023 and 500,000 a year by 2025, with a particular focus on bringing in people with needed skills and experience.

Canada gains on U.S. in permanent resident race

How $10-a-day child care is rolling out in Canada

British Columbia was the first to sign on, inking a $3.2-billion deal in July 2021 with plans to create 30,000 new child-care spaces within five years and 40,000 within seven years. B.C. started a $10-a-day program at select facilities in 2018 and plans to double those spaces to 12,500 this month.

How $10-a-day child care is rolling out in Canada

B.C. public school teachers ratify new contract

It boosts annual salaries for new teachers as much as $8,500 by the end of the third year while B.C.'s highest-paid educators will earn up to $13,500 more over the same period, which Johnston says pushes them above the $100,000-per-year threshold for the first time.

B.C. public school teachers ratify new contract

Arctic cold descends on parts of B.C.

Arctic outflow warnings have been posted for B.C.’s central and northern coasts, with the wind chill predicted at minus 20. Special weather statements are also up for most of Vancouver Island and the south coast, with icy conditions and wind chills near minus 10.

Arctic cold descends on parts of B.C.

Street drugs kill another 179 people in B.C.

The coroner says the October statistics show that illicit drugs caused the deaths of 1,827 people in B.C. in the first 10 months of this year. Chief coroner Lisa Lapointe says the increased toxicity and variability of street drugs has created an environment where everyone who uses substances is at risk.