Job Creation in the Atlantic Canadian Tech Ecosystem for Q3 2022
Job Creation

Job Creation Data in the Atlantic Canadian Tech Ecosystem for Q3 2022

Patrick Hankinson

Published November 17, 2022


Global and Local Funding

According to CB Insights global VC funding dropped by 34% QoQ as of Q3 2022, hitting a 9-quarter low! In Canada, the numbers were even lower with funding dropping by 65% while deals fall 19% QoQ. The total funding for Q3 reached $700M, with a total of 143 deals. With funding drying up, more startups are hitting the brakes on hiring or alternatively are “right-sizing” their teams.

New Net Jobs

Here in Atlantic Canada, the startup ecosystem saw only 16 net new jobs in Q3. That brings the total number of employed by the sector to 13,194. Of the companies that I’m tracking 20% hired employees, 58% had no change and 22% had less staff than in Q2.

Funding News

Funding ($53.25m)

Acquisitions

Community News

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Top Tech Atlantic Canadian Employers in Q3 2023

Sorted by net new jobs created