What’s going on at StarFish Medical?

StarFish Medical, a medical technology design firm based in Saanich, has laid off approximately 10% of its workforce, citing the impact of global tariffs and a cooling North American investment climate.

• 11 full-time staff in Saanich were laid off Wednesday, with a few additional part-time roles affected, CEO Scott Phillips confirmed in an interview with CHEK News.
• The company employed 115 people at its Saanich headquarters prior to the layoffs, located at 455 Boleskine Rd.
• A similar number of staff were let go at the company’s Toronto office, where the impact is “more noticeable” due to the smaller team.

What’s driving the decision?

Phillips cited a combination of trade instability, tariff regimes, and weakening investor confidence, particularly in the U.S. – the company’s largest market – as reasons for the downsizing.

“We made the decision to right-size ourselves to the market, so that we can be resilient enough to deal with whatever other turbulence comes our way,” Phillips said.

• Only 10% of StarFish’s revenue comes from products. Most of its business comes from contract design services, yet the uncertainty has still rippled through the company’s operations.
• The medical tech firm has completed “tens of millions” of dollars in deals with U.S. companies that often sell globally, meaning tariffs and trade slowdowns impact the whole pipeline.

Departments affected and future outlook

Layoffs were made across several departments...

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