Hootsuite to cut 7% of staff as layoffs continue to swamp tech industry

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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.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way.

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.'I'm tired of being anxious': Amazon HR staffers go from hiring to publicly seeking jobs themselves This latest round of Hootsuite layoffs comes on 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.Share this Story:

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Hootsuite lays off 7% of staff to position its business for long termThe job cut comes after Hootsuite reduced its workforce by five per cent in November and 30 per cent in August.
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Hootsuite laying off 7% of staff to position its business for long termSocial media technology company Hootsuite Inc. is laying off seven per cent of its staff in its third job cut in the last year.
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