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

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

Cosgrave says at least eight cryptocurrency companies, including embattled lending platform Celsius, dropped out of Collision in recent days. Cosgrave’s travelling conference kicked off Monday night with an appearance from author Margaret Atwood and actress Lupita Nyong’o at the Enercare Centre. This year marks the conference’s return to an in-person format, following a move online during the COVID-19 pandemic.

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Get Woke Go Broke is economics law at this point.

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