Benevity laying off 14% of staff as demand slows

Calgary-based tech firm Benevity is scaling back its staffing levels as it grapples with a slowdown in demand.

In a note to employees on Jan. 18, CEO Kelly Schmitt said the company is cutting 137 jobs, or 14 per cent of its workforce, claiming that the business is “overbuilt for current market conditions.”

“Demand for our solutions and the appetite of companies to make an impact on social issues have been growing consistently for more than a decade,” Schmitt noted.

“In response to that demand, we significantly increased the size of our team, but over the last nine months, macroeconomic conditions have changed dramatically, and the demand we expected to see has slowed significantly.”

In addition to Calgary, Benevity has offices in other major Canadian cities, including Toronto and Victoria.

According to LinkedIn, the company employs a global workforce of more than 980 people.

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