Shopify layoffs 20 percent workforce
Shopify layoffs 20 percent workforce

The layoff round is still on, and this time Shopify’s name has come up. Canada’s Shopify is said to have hinted at more big layoffs after releasing its first-quarter results.

His wave of Shopify layoffs will be the company’s second round of large-scale layoffs, according to a Reuters story. As a result, the company is expected to reduce its workforce by about 20 percent this time.

A memo posted on the company’s website by CEO Tobi L├╝tke announced the job cuts. The layoffs did not specify which units will be affected.

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