Loopio Layoffs
June 2023
Loopio announced a layoff affecting 0 employees (9% of its workforce) in June 2023. The company operates in the Sales sector.
0
9%
Jun 27, 2023
About
Loopio, a Toronto-based software company specializing in response management solutions, has laid off 9% of its workforce. The difficult decision was announced by co-founders Zak Hemraj and Matt York, who expressed deep gratitude to the departing employees for their contributions to the company's growth. While the exact number of affected employees wasn't specified, the reduction reflects broader economic challenges and capital market shifts impacting the tech industry. The company emphasized that its ambition and commitment to customers remain unchanged, and it is actively assisting the impacted team members in finding new opportunities through a dedicated alumni email.
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