The company cut jobs at all levels across every department and in every country the Toronto-headquartered firm operates, interim CEO Mara Reiff said in a statement Tuesday. They represent the “broadest set of organizational changes” in the company’s more than 20-year history. (The Logic)
Skip to content
The company cut jobs at all levels across every department and in every country the Toronto-headquartered firm operates, interim CEO Mara Reiff said in a statement Tuesday. They represent the “broadest set of organizational changes” in the company’s more than 20-year history. (The Logic)
Talking point: FreshBooks, which offers invoicing and other accounting software to small businesses, had already laid off more than 100 employees over two rounds of cuts last year in an effort to become profitable. Former CEO Don Epperson and president Mark Girvan also stepped down in November 2023. “The last 18 months have been challenging,” Reiff said in her statement, adding that the company needs to ramp up efforts to reach profitability. “We need to do things differently so we can stand on our own two feet and within our financial means.”
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Cohere plans to acquire cyber startup Aisle and set up a new security division
Briefing
Canadian businesses want Ottawa to hold out for a better U.S. trade deal: KPMG survey
Online banks are attracting younger Canadians, report shows
Lightspeed cuts 250 jobs through layoffs and attrition
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
