Shopify to reduce workforce by 20%, sells logistics business to Flexport for 13% equity | TechCrunch
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Shopify is laying off 20% of its workforce, impacting some 2,000 people, and is selling its logistics business to Flexport for 13% in stock.
Shopify to reduce workforce by 20%, sells logistics business to Flexport for 13% equity | TechCrunch Image Credits: Business Wire (opens in a new window) Fintech Shopify to reduce workforce by 20%, sells logistics business to Flexport for 13% equity Paul Sawers 4:47 AM PDT · May 4, 2023 Shopify revealed today that it’s laying off 20% of its workforce, impacting more than 2,000 people, and is selling its logistics business to Flexport for roughly 13% in stock. The news comes some 10 months after Shopify announced that it was reducing 10% of its workforce — roughly 1,000 people ̵
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