Wealthsimple to lay off 13% of staff amid 'market volatility'

Wealthsimple says it is laying off 13 per cent of its workforce as the financial services company faces "market volatility."

While Katchen notes the market soared and business grew at an unprecedented rate amid the pandemic, he says those conditions are now unwinding and Wealthsimple's clients are living through a period of market uncertainty they’ve never experienced before.

Save the employees. Stop the expensive advertising

Their platform is simple and need to compete with other products from large banks! Did your investment was mainly in crypto! ? If company struggle how to trust their recommendations 🙈

Maybe they can cut some of their awful commercials then Wealthsimple

And then company and CEO will still get tax payer money even though they've saved money by laying people off. Want to talk about 'handouts'

Yea, people stopped buying Bitcoin/Crypto because they realized all are scam

“Please continue to invest during the volatility, this is normal”

Guess it's not that simple after all! LOL

Maybe they should chill on their shitty ads

So much money on dumb ads! Wealthsimple pokes fun at crypto skeptics via message_canada

I’ll never understand why employees slave away for a company just to be terminated when the waters get rocky. Yet ceos make million.

So it's on par with how the stock market is crashing.

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