The Best News 2021: Shopify to cut 10% of staff after making 'wrong' bet about pandemic online shopping boom

Tuesday, July 26, 2022

Shopify to cut 10% of staff after making 'wrong' bet about pandemic online shopping boom

Shopify will lay off approximately 10% of its global staff after making the "wrong" bet on how long the pandemic-fueled surge in online shopping would continue, the CEO of the Canadian e-commerce company announced Tuesday.

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