Employment Law

Hootsuite cutting 30% of workers amid flurry of tech sector cuts

hootsuite-cutting-30-per-cent-workers-amid-tech-layoffs

More jobs are on the chopping block in the Canadian tech sector. Vancouver-based Hootsuite announced that it is laying off 30 per cent of its workforce as part of a global restructuring.

In a LinkedIn post on August 9, 2022, CEO Tom Keiser said the decision is “indicative of the necessary changes we’ve had to make for our business.”

The Canadian social media company did not disclose the specific number of workers affected by the cuts. However, financial data firm Refinitiv claims that Hootsuite currently employs approximately 1,000 people.

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