VerticalScope to cut 22% of workforce amid slowing economic environment

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VerticalScope to cut 22% of workforce amid slowing economic environment
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Tech company VerticalScope, which is 43 per cent owned by the owner of Torstar Corp., is cutting almost a quarter of its workforce. Read on.

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The Toronto-based technology company said Wednesday the layoffs will help reduce expenses and position the company to navigate the current economic environment.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way.

After a disagreement between former business partners Jordan Bitove and Paul Rivett, the pair split assets in a deal that left NordStar to Bitove. VerticalScope also reported preliminary earnings for the latest quarter Wednesday, saying revenue is expected to be down almost 11 per cent.Recommended from Editorial

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