Tucows Slashes Ting Workforce by 42% in Restructuring

What’s going on at Tucows?

Toronto-based Tucows is trimming its headcount by approximately 17 per cent and slashing the workforce of its Ting Internet business by around 42 per cent as part of a “capital efficiency plan.”

“This decision was a difficult one and I want to acknowledge the impact it will have on the employees who are leaving,” CEO Elliot Noss said in a news release.

“These are hardworking people who have made significant contributions to the company, and their dedication will be remembered. We do not take these measures lightly, and this decision was made with the deepest consideration for the future of the Ting business and its continued sustainability.”

Tucows added that it will provide more details on its capital efficiency plan during its “Q3 2024 Management Remarks” on Nov. 7.

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