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Hootsuite laying off 7% of staff to position its business for long term

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Social media technology company Hootsuite Inc. is laying off seven per cent of its staff in its third job cut in the last year.

Social media technology companyInc. 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.reduced its workforce by five per cent in November and 30 per cent in August.since 2020, with Irina Novoselsky, who headed Career Builder Inc.layoffs comes the same day as Microsoft cut 10,000 workers and days after Lightspeed Commerce Inc. and Clutch made cuts.Sign up for our newsletter to get breaking news and daily digests sent to your email.

 

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