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 15 days ago

Following layoffs, Sensibill secures $5 million in debt financing

Quick Summary

Sensbill acknowledged that the restructuring plan was made “in the wake of COVID-19”Sensibill has laid off a significant number of employees, BetaKit has learned. In the wake of COVID-19, Sensibill announced a restructuring plan in April,” the company told BetaKit in a statement. Sensibill has also declined to answer repeated requests for more information on the company’s restructuring plan, or which departments were affected. Sources who spoke to BetaKit indicated that Sensibill at the time made no announcement regarding the layoffs. RELATED: One-quarter of Canadian startups have made layoffs amid COVID-19Following the layoffs, Sensibill has secured $5 million in debt financing from CIBC Innovation Banking.

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