Online Presence: Social Media Tools

social media tools: Founded in 2007, Syncapse builds and manages software and social media tools to help other companies manage their online presence and engage with customers online. In the past five years, the company had been expanding aggressively, employing 110 people at offices in Toronto, New York, London and Gurgaon, India, according to CBC. "Despite our best efforts, the organization lacks the resources to move forward successfully and as such must enter a period of restructuring," company founder and CEO Michael Scissons told employees in an email obtained by News. "This unfortunately means that effective today, we are laying off a significant number of our worldwide employees and ending go-forward development for our platform." Toronto-based social media marketing startup Syncapse has laid off a "significant number" of its staff in a restructuring process aimed at keeping the company afloat. On Monday, the majority of staff at the company were told they were being laid off. (www.immigrantscanada.com). As reported in the news.