News   GLOBAL  |  Apr 02, 2020
A Message to Our Readers
 9.6K     0 
News   GLOBAL  |  Apr 01, 2020
EarthCam Time-Lapse Documents Rafael Viñoly-Designed New Stanford Hospital Construction
 41K     0 
News   GLOBAL  |  Apr 01, 2020
Resort Town
 5.4K     0 

AlbertC said:

Facebook owner Meta to build Canadian engineering hub in Toronto, creating 2,500 new jobs​


March 29, 2022

Meta Platforms Inc. — parent company of Facebook, Instagram and WhatsApp — announced plans to open a new Canadian engineering hub located in Toronto Tuesday afternoon.

The company says the new hub will provide 2,500 new openings over the next five years for both remote and in-office positions.

According to a statement issued Tuesday, the Toronto hub will introduce Canada's first WhatsApp, Messenger and Remote Presence engineering teams, while growing the existing Canadian Reality Labs and AI Research teams.

toronto.ctvnews.ca

Facebook owner Meta to build Canadian engineering hub in Toronto, creating 2,500 new jobs

Meta Platforms Inc. — parent company of Facebook, Instagram and WhatsApp — announced plans to open a new Canadian engineering hub located in Toronto Tuesday afternoon.
toronto.ctvnews.ca toronto.ctvnews.ca
Click to expand...

Global's take on the story is here:

globalnews.ca

New Meta engineering hub in Toronto expected to add 2,500 jobs over 5 years | Globalnews.ca

Meta, Facebook's parent company, announced Tuesday it will build a new engineering hub in Toronto that will bring 2,500 jobs to the province over the next five years.
globalnews.ca globalnews.ca

It offers this tidbit:

1648581515469.png
 

Internet Domain Name .toronto coming soon.​


From link.

Right now, if you want an internet domain name that screams 'Toronto,' your best bet is to actually invest thousands of kilometres away in the far-off island kingdom of Tonga, which has .to as its internet country code top-level domain.

But that all could soon change according to a new lobbying file opened by the Canadian Internet Registration Authority (CIRA), which could create a brand new top-level domain code specifically for the City of Toronto.
Click to expand...
News of the new domain appeared in the City of Toronto's lobbyist registrar in a March 31 application that claims "CIRA will be discussing the merits for the City of Toronto to apply or not to apply for the .TORONTO top-level domain when the next application round is opened by the Internet Corporation for Assigned Names and Numbers."

It opens up some amazing possibilities for joke URLs like youcantafford.toronto or the905isnot.toronto, or even more serious ones for existing entities like universityof.toronto or cityof.toronto.

And it isn't just a novelty. Top-level domains like the .ca seen at the end of many Canadian websites immediately indicate to online shoppers and other web surfers that they are in the right place, and not browsing prices in foreign currency or accidentally looking at a similarly named business abroad.

Though currency is not as much of a factor when introducing city-specific domains, they can still help to establish a sense of place for businesses trying to fine-tune their online presence.
Click to expand...
Dozens of cities around the globe already have their own top-level domains, including a few right here in North America like Boston (.boston), Miami (.miami), New York City (.nyc), and Las Vegas (.vegas), while the province of Quebec also has its own .quebec domain.
Click to expand...

Wonder about the other "Toronto"'s around the world?

Canada​

Toronto, Prince Edward Island, an unincorporated area

​

United States​

Elsewhere​

 
W. K. Lis said:

Internet Domain Name .toronto coming soon.​


From link.





Wonder about the other "Toronto"'s around the world?

Canada​

Toronto, Prince Edward Island, an unincorporated area

​

United States​

Elsewhere​

Click to expand...
Sounds very cringey.
 
More office space being filled as Toronto adds more tech jobs!

U.S. cloud computing giant Snowflake is setting up shop here.

www.theglobeandmail.com

Snowflake set to hire hundreds and open Toronto office to support U.S. cloud giant’s apps push

Bilal Khan, the head of Snowflake’s Canadian operations, said the company’s footprint in Canada ‘will not only get significantly larger but also significantly more strategic’ with the move
www.theglobeandmail.com www.theglobeandmail.com

Looks to be hiring several hundred software engineers; who will be based out of 50,000ft2 of space in the Bay-Adelaide Centre
 
elcorrerador said:
Good because a few of them are about to lose their jobs.

https://www.theglobeandmail.com/bus...anadian-tech-sector-as-wave-of-layoffs-looms/
Click to expand...

Job losses are almost always unfortunate, particularly on a mass scale (not merit based).

That said, Unemployment in Canada just hit a record low this past month.


I certainly would not discount the possibility of a recession to the extent that interest rates rise significantly in the near term.

That will doubtless have its consequences.

However, on a net basis, over the medium term, I don't foresee negative prospects for Canada, currently. (I didn't foresee the pandemic, so don't measure me against the unknowable, LOL)

But to the extent American tech. companies come under fiscal pressure in the near term; shifting jobs to Canada is a cost-savings.
 
Northern Light said:
Job losses are almost always unfortunate, particularly on a mass scale (not merit based).

That said, Unemployment in Canada just hit a record low this past month.


I certainly would not discount the possibility of a recession to the extent that interest rates rise significantly in the near term.

That will doubtless have its consequences.

However, on a net basis, over the medium term, I don't foresee negative prospects for Canada, currently. (I didn't foresee the pandemic, so don't measure me against the unknowable, LOL)

But to the extent American tech. companies come under fiscal pressure in the near term; shifting jobs to Canada is a cost-savings.
Click to expand...
100%, I joined a US based firm that doesn't have office presence in Canada this year. We're expanding pretty rapidly North of the US border.

I get your point about the record low unemployment. I have limited economics background so it's hard for me to understand how low unemployment pairs with high inflation. Something I have to look at.

3rd point, the job cuts in the tech sector is a bit concerning though I'm not concerned for my job stability. I'm on the younger side of things and do have transferable skills to pivot. More cuts announced today (Wealthsimple most likely because of crypto and Spotify slowing recruiting)
 
elcorrerador said:
I have limited economics background so it's hard for me to understand how low unemployment pairs with high inflation.
Click to expand...
It's pretty straightforward. Low unemployment causes employers to offer higher wages to fill positions. The higher cost structure requires those employers to charge higher prices to cover their expenses.

Wage-price spiral - Wikipedia

en.wikipedia.org en.wikipedia.org
 
afransen said:
It's pretty straightforward. Low unemployment causes employers to offer higher wages to fill positions. The higher cost structure requires those employers to charge higher prices to cover their expenses.

Wage-price spiral - Wikipedia

en.wikipedia.org en.wikipedia.org
Click to expand...

I agree with this as far it goes.

I would add; low unemployment driven inflation, as opposed to real estate speculation or commodity prices can be a good thing up to a point.

Its actually a key driver of productivity growth.

Employers are more likely to invest in automation, renovation, new quicker equipment/computers/software when labour costs are rising and its difficult to fill positions.

There is obviously a logical limit to this where a negative spiral can emerge. That's more often the case when certain classes of goods cannot or will not be allowed to benefit from said productivity gains.

Again, real estate and commodities are often good examples.

Though, in the latter case. high commodity prices does tend to drive more exploration, more refining capacity etc.

With real estate, it may drive more supply, but the time lag to benefit from that is much longer than for many other sectors.
 
Last edited:
I can see more tech jobs coming to the GTA and the rest of the province because of Quebec's Bill 96

Thank you Quebec! Ontario will benefit from your ignorance and bigotry!

Quebec tech industry warns controversial language law will harm economy




www.thesuburban.com

50 tech execs call for pause in Bill 96 to protect hiring

A group of technology companies are asking the government to pause the Bill 96 requirement that immigrants must learn French within the first six months of coming to Quebec.
www.thesuburban.com www.thesuburban.com
 
Wealthsimple is laying off 13 per cent of its workforce as the financial services company joins the slew of global technology businesses facing "market volatility."
In a letter sent to staff of the Toronto-based business on Wednesday, chief executive Michael Katchen said 159 of the 1,262 people who work for Wealthsimple will depart the company through the move.
Click to expand...

www.cp24.com

Wealthsimple to lay off 13% of staff amid 'market volatility'

Wealthsimple is laying off 13 per cent of its workforce as the financial services company joins the slew of global technology businesses facing "market volatility."
www.cp24.com www.cp24.com
 
what are the salaries in toronto like these days? seeing a bunch of $500k+ reports on levels (sr level, base + stock)
 
Latest CBRE Tech Talent ratings are out for 50 surveyed North American markets.

renx.ca

Toronto, Vancouver, Montreal rise in CBRE tech talent rankings

Canada’s three largest cities all improved their rankings in CBRE’s Scoring Tech Talent 2022 report of North American cities, including Toronto which is now No. 3 on the list. The Greater Toronto Area created the most tech employment growth on
renx.ca renx.ca

Key bit from the above:

1658169032819.png
 
You must log in or register to post here.

Back
Top