Calgary tech firm Benevity lays off 137 workers, cites poor market conditions

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A Calgary tech company says weak market conditions are to blame for its decision to lay off 14 per cent of its workforce this week.

Benevity, a company that provides transaction processing services for charitable campaigns, announced the news on Wednesday, saying that a previous decision to "significantly increase" its workforce may have been premature.

"With that, we have made the difficult decision to reduce the size of our team by 14 per cent, and today we are saying goodbye to 137 passionate Benevity-ites in the process. Schmitt says each employee who is being laid off will be meeting with senior leaders to discuss transition options. She says those workers will be offered extended health benefits, career transition support, ownership of company laptops and "generous severance" packages.

In a statement, economic development and innovation critic Deron Bilous said the news is difficult to hear in the midst of the affordability crisis.

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The same industry that is supposed to be our savior?

My TV programming told me Elon was a bad man for laying off tech staff before everyone else started to.

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