Shopify laying off large share of staff and selling major asset Shopify
In apublished Thursday, Shopify CEO Tobias Lütke said these moves are being made to"pay unshared attention to [Spotify's] mission."
"There are a number of consequences to this, and I don't want to bury the lede: after today, Shopify will be smaller by about 20 per cent, and Flexport will buy Shopify Logistics; this means some of you will leave Shopify today," he wrote."I recognize the crushing impact this decision has on some of you and did not make this decision lightly.
"All office furniture we provided is yours to keep," the CEO added."We legally need the work laptop back, but we'll help pay for a new one to replace it. You'll have continued free access to the advanced Shopify plan should you opt to take an entrepreneurial path in future." Impacted staff's Slack accounts and internal emails will remain open so they can"share farewells," too.Lead photo by
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Shopify to reduce workforce by 20 per cent, sell logistics businessShopify Inc. says it will reduce its head count by about 20 per cent and sell its logistics business to Flexport, a supply chain management company.
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Shopify to reduce workforce by 20 per cent and sell logistics businessShopify Inc. says it will reduce its head count by about 20 per cent and sell its logistics business to Flexport, a supply chain management company.
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Shopify is cutting 20% of staff and has sold off its logistics arm in strategic reversalShopify spending on the fulfillment network had been closely scrutinized by investors. Read more
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