A wave of layoffs in 2022, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens.
Absolute Software Corp.: The Vancouver-based security software company said it would cut about 40 jobs as part of an April restructuring plan to reduce its operating expenses.
Canopy Growth Corp.: The Smiths Falls, Ont. cannabis company announced plans to shed 800 staff — 35 per cent of its workforce — in February in an effort to help the business reach profitability. Clutch: The online car retailer reduced its team from 231 to 81 people in January with its chief executive Dan Park citing a “challenging microeconomic environment.”
Hootsuite Inc.: The Vancouver social media technology company cut seven per cent of its staff — about 70 people — in its third job cut in the last year. Nordstrom: The Seattle department store chain announced in early March that it would close all of its Canadian stores, leaving 2,500 staff unemployed.
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