Shopify Slapped With $130 Million Lawsuit For Allegedly Slashing Severance Pay
Shopify slashed its workforce by 20 percent last month as it sold Shopify Logistics to San Francisco-based supply chain management company Flexport. In a memo published on the company’s website on May 4, Shopify CEO Tobias Lütke said the layoffs had to be done to “pay unshared attention to [Shopify’s] mission.” Employees who were impacted […]
Ex-Shopify Content Manager Gets 25 Job Offers in 2 Days After Layoff
Germany-based Caroline Dohrmann, a former content manager for Shopify, was one of the 10 percent workforce laid off by the e-commerce platform. However, the unfortunate event was soon followed by a couple of lucky days for Dohrmann. In a LinkedIn post, she revealed that her inbox was flooded with 25 job offers within two days […]
Shopify Reports Net Loss Of US$1.2B In Second Quarter After Layoffs
Canada-based e-commerce platform Shopify posted a quarterly loss of US$1.2 billion in the second quarter. According to the company, the loss is due to the shift in customer behaviour after the pandemic. Online shopping that witnessed a boom during the coronavirus pandemic decreased after the restrictions were lifted and more customers returned to in-store shopping. […]
Shopify Lays Off 10% Workforce, CEO Admits Bet on Pandemic Growth “Didn’t Pay Off”
Canada-based Shopify cuts 10 percent of its global workforce, nearly 1000 employees. CEO Tobi Lütke said that the decision is a result of the miscalculated bet on e-commerce during the pandemic which didn’t pay off and the revenue growth slowed down. We couldn’t know for sure at the time, but we knew that if there […]