![]() ![]() But investors welcomed the company’s move to focus more on its retail business on Thursday by sending its stocks as high as 17% in premarket trading.Įx-Uber security chief sentenced for data-breach cover-up The business changes are also a remarkable reversal after the Canadian company’s multiyear effort to build its own warehousing and delivery services. ![]() “There’s no way to make this good news, but we designed a package that will attempt to make it the best possible version of a bad day,” Shopify CEO Tobias Lütke said in the blog post. The company said Thursday those affected will receive 16 weeks of severance pay and medical benefits. Last year, Shopify trimmed 10% of its workforce and reportedly laid off dozens of other employees before and after that announcement. ![]() ![]() The company announced Thursday in a blog post it will also cut about 20% of its workforce, the second mass layoff its had in less than a year. NEW YORK (AP) - Shopify, the e-commerce company viewed as a growing competitor to Amazon, is selling the two biggest pieces of its fulfillment network and abandoning its logistics ambitions. ![]()
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