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Collision tech conference kicks off in Toronto amid industry downturn, layoffs

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The first full day of the Collision tech conference got underway in Toronto this morning as the industry grapples with a downturn.

The four-day event will see roughly 35,000 startup leaders, investors and tech workers take in talks from more than 600 speakers, including former Google CEO Eric Schmidt and basketball star Carmelo Anthony.

Collision CEO Paddy Cosgrave expects the downturn to be a hot topic at the conference, along with the state of crypto, after several currencies have significantly dropped in value in recent months.

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