Breaking: Shopify Inc. is laying off 10 per cent of staff – about 1,000 people – as it deals with challenges posed by slowing growth in ecommerce and weakening financial results amid a broad slowdown in the tech sector. temurdur reports:
Shopify Inc. is laying off 10 per cent of staff, about 1,000 people, as it deals with challenges posed by slowing growth in ecommerce and weakening financial results amid a broad slowdown in the tech sector.
In a memo to staff on Tuesday morning, chief executive officer Tobias Lütke said the reduction will take place by the end of the day. “E-mails will go out in the next few minutes that will clarify if your role was affected; those impacted will then have a meeting with a lead in their team,” he said.“For a company like ours, this news will be difficult to digest,” Mr. Lütke said.Your time is valuable.
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