Recent data counts 630 startups worldwide which have let go of 80,902 employees this year alone. About 1,193 startups have laid off 176,874 workers since the pandemic began.
One of the best-performing sectors during the pandemic, the technology sector is now facing a challenging time as a reversal in fortunes has companies tightening their belts.
In a memo posted on the company website, Shopify CEO announced that the e-commerce company will see about 10 per cent of staff leave by end of day Tuesday.
Some of Canada's leaders in the blockchain sector launched Tuesday a non-profit association aimed at moving the needle on regulation of cryptocurrencies anddigital assets in this country.