Just a year after raising the largest equity funding round in New Brunswick history, Fredericton- and Miami-based Introhive is laying off about 16 percent of its workforce as the company braces for economic headwinds.
Chief Executive Jody Glidden said in an interview that after the layoffs, Introhive will have about 300 employees. He didn't reveal how many people the company now employs in Atlantic Canada, but the hardest hit region by the staffing cuts is iin India.
Last June, Introhive made history by raising a US$100 million (C$122 million at the time) Series C funding round led by