Shopify lays off one in 10 employees as bet on post-pandemic growth backfires
Canadian ecommerce firm Shopify is set to lay off approximately 1,000 employees after founder and CEO Tobi Lütke said the business made the ‘wrong’ bet on the long-term growth of online retail post-pandemic.
Shopify will primarily cut roles across recruiting, support and sales, but Lütke said some “over-specialised and duplicate roles” and roles that were “too far removed from building products” would also be affected.
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