Employment Law

Hootsuite cutting 30% of workers amid flurry of 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.

Recent tech sector layoffs

Hootsuite is the latest in a growing list of Canadian tech companies that have announced significant layoffs:

• Employment lawyer on mass layoffs in the tech industry
• Layoffs in Canada

Termination agreements for Hootsuite employees

Employees and senior executives at Hootsuite are owed full severance pay when they lose their jobs due to downsizing or corporate restructuring. Severance can be as much as 24 months’ pay, depending on a number of factors.

Severance packages in mass layoffs
Severance for technology industry employees

WATCH: Employment lawyer Lior Samfiru explains why you are still owed severance if you have been downsized on an episode of the Employment Law Show.

Before you accept any severance offer, have an experienced employment lawyer at Samfiru Tumarkin LLP review it and your employment contract. We can tell you if what you have been provided is fair and how to get proper compensation if it falls short of what you are actually owed.

If you aren’t given the full amount (which happens often) you have been wrongfully dismissed and are entitled to compensation.

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