Nvidia has acquired CentML, a Toronto-based machine learning (ML) and artificial intelligence (AI) startup.
While the financial details of the deal haven’t been disclosed, CentML’s co-founders will reportedly move to leadership roles at the American computer chip giant.
CentML customers have been informed that the startup’s operations will officially end on July 17.
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In Canada, the “seller” of the business is responsible for providing proper compensation to employees who lose their job.
If you receive a new employment contract from Nvidia and you have a good reason for why you don’t want to accept it (i.e. different hours or pay), contact an experienced employment lawyer at Samfiru Tumarkin LLP. We can help you secure the severance pay you’re owed.
Even without a good reason you can still get severance. However, it’s very likely that you will only receive your minimum entitlements.
LEARN MORE
• Sale of Business in Ontario: Rights to Severance
• Rights to Severance in Alberta When Your Employer Sells the Business
• Employer Sold the Business in BC? Know Your Rights to Severance
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