ProductCA

Rangle Layoffs

March 2020

Rangle announced a layoff affecting 78 employees (30% of its workforce) in March 2020. The company operates in the Product sector.

People Affected

Percentage

30%

Announced Date

Mar 25, 2020

About

Toronto-based development agency Rangle.io has initiated temporary layoffs for 78 employees, representing approximately 30% of its current workforce of 246. This decision, announced in March 2020 amid the COVID-19 pandemic, is a response to severe financial pressures, including a slowdown or halt in client purchasing and new business efforts. CEO Nick Van Weerdenburg cited the pandemic's devastating impact on 2020 projections, noting that many companies are bringing work in-house or pausing external vendor relationships. This marks at least the third round of layoffs for Rangle in recent years, following cuts of 40 employees in January 2020 and 14 in 2018, as the tech agency navigates ongoing challenges to restructure and sustain operations during the global crisis.