Canadian Tech Company Hopper Cutting 30% of Staff to Reach Profitability

One of Canada’s largest private technology companies has announced sweeping layoffs.

According to The Globe and Mail, Hopper Inc., a Montreal-based online travel services provider, has cut 30 per cent of its full-time staff, or 250 jobs, in an effort to reach profitability.

“We were running a lot of initiatives that were not revenue-generating, we’ve always done that,” Hopper CEO Fred Lalonde told The Globe in an interview.

“But the world has changed, money is no longer free. And we need to move to profitability. There is no magical secret to why we’re doing this, it’s to cut our burn rate and arrive to break even as fast as possible.”

Lalonde added that the reduction has nothing to do with a possible slowdown in travel prompted by economic uncertainty.

Hopper employs a total workforce of more than 1,400 people, according to the company’s LinkedIn page. Over 250 workers are located in Canada.

📺 WATCH: Everything You Need to Know About Mass Terminations

Lost Your Job? Get Help Now

📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.

Our experienced employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.

If you’ve lost your job at Hopper for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.