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

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 99%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

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.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

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.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 1. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Calgary-based tech company Benevity announces mass layoffsWednesday saw layoffs of 137 staff members, representing 14 per cent of the company\u0027s workforce
Fonte: calgaryherald - 🏆 64. / 52 Consulte Mais informação »

Calgary-based tech company Benevity to lay off 14 per cent of its workforceWednesday saw layoffs of 137 staff members, representing 14 per cent of the company\u0027s workforce The new ceo bloated the company during the last two years, hired unqualified execs and thus led to this. There is no accountability in corporate Canada.
Fonte: calgarysun - 🏆 63. / 52 Consulte Mais informação »

Calgary-based tech company Benevity announces mass layoffsWednesday saw layoffs of 137 staff members, representing 14 per cent of the company\u0027s workforce
Fonte: calgaryherald - 🏆 64. / 52 Consulte Mais informação »

Calgary-based tech company Benevity to lay off 14 per cent of its workforceWednesday saw layoffs of 137 staff members, representing 14 per cent of the company\u0027s workforce
Fonte: calgarysun - 🏆 63. / 52 Consulte Mais informação »