The Vancouver-based company also didn't disclose what triggered the layoffs, but investor interest in technology stocks has waned. of tech giants have also implemented similar layoffs in recent weeks.
Article author:
The Canadian Press
Hootsuite Inc. to lay off 30% of its workforce says. Staff as part of global restructuring.
The Vancouver-based social media business declined to answer questions about the exact number of employees laid off, but financial data firm Refinitiv's latest According to figures, the company employs about 1,000 people.
The company has also not disclosed what triggered the layoffs, but big tech companies such as Shopify, Netflix and Clearco have been muted in recent weeks as investor interest in tech stocks wanes. are making similar layoffs.
Hootsuite CEO Tom Keizer says the move will help the company, once considered a darling of Canada's tech scene, reorganize into a successful strategy. said it would help.
He said Hootsuite needs to refocus so it can drive efficiency, growth and financial sustainability.
In his statement he said:
A division of Postmedia Network Inc., he signs up to receive daily headline news from the Vancouver Sun.
Thank you for registering.
Sending welcome email. If you don't see it, please check your spam folder.
The next issue of the Vancouver Sun Headline News will arrive in your inbox shortly.
