MaRS Axes 20 Positions, ‘Resetting’ Business Model

What’s happening at MaRS?

MaRS Discovery District (MaRS) has trimmed its headcount as part of a restructuring.

While the Toronto-based agency wouldn’t comment on the exact number of jobs cut, a source told The Globe and Mail that approximately 20 positions have been axed — many at the top level of the organization.

“[We are] resetting our business model, which includes seeking to significantly increase engagement with the private sector and philanthropic circles while we continue to partner with all levels of government,” CEO Alison Nankivell said in a statement to the Globe.

“Our path forward necessitates changes towards a more agile and lean organizational structure that reduces hierarchy and leaderships roles in favour of a reallocation of resources to support programming that more effectively supports founders, fosters even greater ecosystem collaboration, and ultimately increases our impact.”

According to LinkedIn, MaRS employs more than 320 people in Canada.

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