Intersect, a Toronto-based custom software development firm and subsidiary of CoreLogic, laid off 19 employees, representing about 11% of its 160-person workforce. The layoffs were announced via LinkedIn by then-CEO Paul Crowe in late 2020, shortly before he stepped down from his role after nine years with the company. While the exact reason for the staff reduction was not officially confirmed, it occurred during the COVID-19 pandemic, a period of widespread economic uncertainty. The company, which serves clients like American Express and TD Bank, saw its leadership transition to internal executives following Crowe's departure.
