Hootsuite to lay off 30% of staff, begin global restructuring [Financial Post (Toronto, Ontario, Canada)]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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Source: Financial Post
The Vancouver-based social media business declined to answer questions about the exact number of staff laid off or what triggered the job cuts, but the most recent figures from financial data firm Refinitiv show the company employs about 1,000 people. “Today is a hard day at Hootsuite…This sadly means we are saying goodbye to some of our people,” said Hootsuite chief executive Tom Keiser, in a statement. “These people are our colleagues and our friends. They are some of the best in their fields, and we will do whatever we can to help them land well elsewhere.” He added that the move will help the company once considered a darling in Canada’s tech scene to realign itself with strategies that can make it successful. In particular, he said Hootsuite needs to refocus, so it can drive efficiency, growth and financial sustainability. He declined to elaborate further on the restructuring, saying, “Today our focus is on our people, both those who are leaving us and those who are staying,
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SHOP
Earnings
- 2/13/24 - Beat
SHOP
Sec Filings
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- SHOP's page on the SEC website