Layoffs Canada

OMERS Ventures Layoffs 2025 — 7 Jobs Cut in Ontario, Canada

7
employees affected
Media Report

OMERS Ventures, the VC arm of the Ontario Municipal Employees Retirement System, laid off several employees from its U.S. investment team, including senior managing partner Michael Yang, as part of a strategic shift to refocus on Canadian investments. The layoffs reduced the firm's headcount from 19 employees in June to 12 total, with the U.S.-based investment team reduced from two-thirds to half of the firm's investment staff.

Key Facts

Announced Date
July 23, 2025
Effective Date
July 21, 2025
Province
Ontario
City
Toronto
Industry
Finance & Insurance
Laid Off
7
Percentage
36.84%
Company Type
private
Source
News Media

Company Info

English Name
OMERS Ventures

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Raw Data (2 source articles)

Michael Yang is out as OMERS Ventures refocuses on Canada

The Logic·Jul 23, 2025

OMERS Ventures drops senior VC leader amid US layoffs and shift in investment focus

Benefits and Pensions Monitor·Jul 25, 2025