A wave of layoffs last year, 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.: The telecommunications giant said in mid-June that it would slash 1,300 positions, including six per cent of its media arm. It blamed the job cuts on a challenging public policy and regulatory environment, raising specific concerns about Bill C-11, the Online Streaming Act, and Bill C-18, the Online News Act.
The cuts continued in September, when BioSteel Sports Nutrition Inc., the sports drink maker Canopy has a majority stake in, filed for creditor protection and announced 68 staff would be laid off.
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These companies have laid off Canadian workers in 2023A 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.
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