Shopify will cut 10% of its staff, with most workers gone by day’s end

Canadian e-commerce firm Shopify Inc. will cut about 10% of its workforce Tuesday, as Chief Executive Officer Tobi Lutke acknowledged the company’s decision to expand rapidly coming out of the Covid-19 pandemic didn’t pay off. The move will eliminate about 1,000 jobs out of 10,000 or so total employees at Shopify. Most of the affected […]