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Shopify Will Cut 10% of Its Staff

Canadian e-commerce firm Shopify Inc. will cut about 10 percent 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.
Shopify
Shopify Inc. will cut about 10 percent 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. (Shutterstock)

The move will eliminate about 1,000 jobs out of 10,000 or so total employees at Shopify. Most of the affected roles are in recruiting, support and sales, Lutke said in a memo posted on the company’s website.

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