Top Hat layoffs target 10% of workforce to be ‘self-sustaining’
Online education firm Top Hat is laying off 35 employees this week, according to reporting by BetaKit. The cuts, which took place January 30, represent just under 10% of the Toronto-based tech company’s 500-strong workforce.
What’s happening at Top Hat?
A Top Hat spokesperson said that the terminations were connected to ‘business priorities’ rather than employee performance.
“The reduction enables Top Hat to be a self-sustaining business in our upcoming fiscal year,” noted the spokesperson.
This development comes just days after the departure of CEO Joe Rohrlich and CRO Matt Schurk. Top Hat is currently working on installing a new CEO.
The layoffs are the second for the tech company in less than a year. In August, Top Hat laid off 42 employees as part of a “workforce optimization initiative,” the company said.
If you’re a non-unionized employee, check out our Top Hat Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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