Hootsuite Announced their company’s 3rd layoff and they swapped CEOs as the company. in the layoff, 70 employees’ jobs were cut.
Tom Keiser, who took over as CEO from founder Ryan Holmes in 2020, is being replaced by Irina Novoselsky, who most recently served as CEO of CareerBuilder. At the same time, the Vancouver-based company has laid off around seven percent of its current workforce, cutting about 70 people, in what represents its third round of staff cuts since August of last year.
The layoffs, which Hootsuite confirmed to BetaKit, were first reported by The Globe and Mail. In a statement to BetaKit, a spokesperson for Hootsuite said, “it was a difficult decision to make but these reductions to our global workforce will best position Hootsuite for the long term.”