Posted on August 23, 2022
The Toronto-based investor-relations software maker Q4 Inc. QFOR-T +1.14%increase
said Tuesday that it will lay off 8 per cent of its staff as it joins the ranks of tech companies racing to cut costs amid a sector-wide downturn.
Staff from Q4?s sales, marketing and research-and-development teams were expected to be affected, the company said in a press release. Like other companies that are laying off staff – amid macro uncertainty that is in large part related to persistent inflation and rising interest rates – Q4 acknowledged that it needed to more quickly seek profits.
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