Tech company Benevity is laying off 14% of its staff

Although headquartered in Calgary, the company also has offices in Toronto, Victoria and other locations around the world. It’s not just its Calgary office staff that will be affected by the layoffs.

In an announcement published on the company’s website, the chairman and CEO Kelly Schmitt explain it Goodwill had to recruit more staff to meet demand, which had increased steadily over the past ten years.

But, she adds, over the past nine months macroeconomic conditions have changed dramatically and the demand we expected has slowed considerably.

Although we continue to experience healthy year-on-year growth, the harsh reality is that we as a company are oversized for the current market conditions. »

A quote from Kelly Schmitt, MANAGER, Goodwill

In 2020, Goodwill received an investment of over $1 billion from the firm Hg Capital.

Consequence of the global situation

Anup Srivastava, Canada Research Chair and full professor at Haskayne School of Business from the University of Calgary, believes these layoffs are likely due to global trends.

Many such companies have been affected. So I don’t want to blame the Calgary context for that because these companies are catering to a global market and they have attracted global investorshe notes. It is a worldwide phenomenon.

Goodwill declined an interview request from CBC/Radio-Canada regarding his announcement.

The company promises this in its press release generous severance pay, compensation for bonus, extension of sick pay [et] support for career change for people who have recently become redundant.

With information from Joel Dryden

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