These are the Canadian companies laying off staff amid the post-pandemic tech wreck

  • 📰 OttawaCitizen
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 68%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Here’s a rundown of the major tech layoffs that have hit Canada recently. Read on

was the most prominent company to cut staff when it laid off 10 per cent of its staff on July 26 after a bet on continuous e-commerce growth failed to pay off.Advertisement 4Chief executive Tobi Lütke said the company expected the surge it saw at the height of the pandemic to be permanent and thought they had to expand to keep pace. Instead, growth has since fallen back to pre-COVID trendlines as consumers now return to shopping at physical retail stores.

“Ultimately, placing this bet was my call to make and I got this wrong. Now, we have to adjust,” Lütke said.In a post on Article’s website, co-founder and chief executive Aamir Baig said the company was operating “at a size larger than current demand would sustain” and needed to resize the business. “Like many eCommerce companies, we benefited tremendously from the demand increase from COVID. We anticipated the trend to online purchasing would be sustained — that did not happen, and it has since returned to pre-COVID trends,” he said.Article content

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

So we don't need more immigration, and certainly don't need the expanded 500K/year Trudeau wants?

Try working at Mariposa Dairy in Lindsay, On.... the worst possible place to work... Abuse employee's, forced to work long hours, few breaks, owner is a racist.. The owners son works for the Ministry, so the Ministry will not act on complaints

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 21. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

These are the Canadian companies laying off staff amid the post-pandemic tech wreckICYMI - These are the Canadian firms laying off staff amid the post-pandemic tech wreck – via financialpost economy financialpost financialpost Notice how ZERO CEO's lost their jobs. ZERO! financialpost It would be nice to see mass layoffs in the Canadian mainstream media.
Källa: calgaryherald - 🏆 64. / 52 Läs mer »

These are the Canadian companies laying off staff amid the post-pandemic tech wreckICYMI - These are the Canadian firms laying off staff amid the post-pandemic tech wreck – via financialpost economy financialpost Not ONE CEO lost their job financialpost gahrner
Källa: nationalpost - 🏆 10. / 80 Läs mer »

These are the Canadian companies laying off staff amid the post-pandemic tech wreckICYMI - These are the Canadian firms laying off staff amid the post-pandemic tech wreck – via financialpost economy financialpost Pinball machines and catered lunch finally ends, reality caught up financialpost Wait until all the realtors rejoin the labour pool.
Källa: VancouverSun - 🏆 49. / 61 Läs mer »

These are the Canadian companies laying off staff amid the post-pandemic tech wreckICYMI - These are the Canadian firms laying off staff amid the post-pandemic tech wreck – via financialpost economy
Källa: OttawaCitizen - 🏆 21. / 68 Läs mer »