It looks like the layoffs aren't necessarily market related. According to this article, the laid off staff were involved in a software research and development project, and were laid off when the project was completed. Apparently they plan to keep hiring in other areas..... as it layoff staff
![]()
Canadian tech layoffs continue as tough year comes to a close
At least 10 Canadian tech firms have recently cut staff, including Properly, TealBook, D2L, Symend, League, Apollo, Faire, Swift Medical, VanHack, and Koho.betakit.com
I guess time will tell, but the people who gave them the money (Inovia) must feel they have something going.