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Wealthsimple enacts hiring freeze as CEO stresses need for discipline

Wealthsimple has told employees that the company plans to pause hiring, The Logic has learned. It’s the latest tech company to tighten its belt in this uncertain economy.

Advance notice: The hiring freeze comes just weeks after CEO Michael Katchen told The Logic his company needed to be disciplined in recruiting and said the road ahead could be difficult for many startups. The Toronto-based fintech informed employees about the freeze last week, spokesperson Juanita Leon said. 

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