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from the headquarters of Amazon to the offices of Microsoft for Tech workers 2023 is off to a rocky start every technology company that we have heard of whether its Salesforce whether its to occupying whether its Shopify in Canada they are all you know its the same story that story is one of a sector that expanded too far too fast but as higher interest rates cool demand companies have been forced to scale back so a lot of them are reevaluating reevaluating their business lines reevaluating their Investments and also reevaluating kind of the the high labor costs that theyve accumulated smaller Canadian players are also trimming headcounts HootSuite and benevity laid off workers e-commerce firm Lightspeed and online car seller clutch slashed staff clear Co and thinkific cut positions too thats a total of around 800 jobs this week alone but some say Canadas Tech sector is resilient I think weve seen elements of this in 2001 2002 I think weve seen it in 2008 2009 in in in in in