Kobo culls 60 jobs in Toronto

Kobo culls 60 jobs in Toronto

Kobo has cut more than 60 jobs in its head office in Toronto.

The firm has restructured some of its teams to “support the company’s core goal of providing the best global e-reading experience”, reported the Toronto Star.

A total of 63 people were laid off yesterday,  the newspaper said.

Kobo’s PR manager Rene d’Entremont told the Toronto Star: “To focus resources on innovation, partners, and readers, the leadership team has realigned the organisation’s structure, which has also meant some staff reductions. As part of this change, teams have been restructured and optimised; redeploying employees to best use their skills to support the company’s core goal of providing the best global e-reading experience."

He added that all its offices would continue to operate "as usual" but with "a mandate to grow the business in each of our territories.”

D’Entremont added: “While these decisions are never easy, we believe that we have the structure that puts us in the best position possible to aggressively compete in an ever-challenging global marketplace”.

The job losses come just a couple of weeks after Kobo’s chief content officer Michael Tamblyn was promoted to president of the company.

Earlier this year Kobo also announced that Takahito "Taka" Aiki, the former c.e.o of Rakuten-owned telecomms company Fusion Communications, was replacing Mike Serbinis as chief executive.