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Shopify lays off 20% of its workforce, sells logistics biz

E-commerce platform Shopify has announced to lay off 20 per cent of its workforce which will impact…

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2 mins read

Shopify lays off 10% of global staff, nearly 1,000 employees, as CEO admits that bet about skyrocketing pandemic growth 'didn't pay off'

Shopify announced deep cuts as its growth has slowed after skyrocketing e-commerce growth during th…

Madeline Stone   


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Shopify sinks 17% on plan to lay off workers as the CEO admits to 'wrong' call about sustainable pandemic-driven growth of online shopping

"Ultimately, placing this bet was my call to make and I got this wrong," Shopify CEO Tobi Lütke wro…

Carla Mozée   


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3 mins read

Shopify is cutting 20% of staff and selling the logistics arm of its business

Shopify announced Thursday that it would cut 20% of its staff and sell its logistics unit to the su…

Sawdah Bhaimiya,Mary Hanbury,…   


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A Shopify employee who lost her job in its mass layoff had 25 offers on LinkedIn just 2 days later

Shopify laid off about 1,000 staff in late July after realizing the pandemic online sales bump had …

Sam Tabahriti   


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1 min read

Shopify soars 28% on strong earnings and sale of logistics unit, plans to slash headcount

The e-commerce firm said that it sold its logistics business to Flexport, and announced that it wou…

Filip De Mott   


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Shopify warns on margins and posts big quarterly loss, sending shares plunging

The e-commerce platform surprised investors after posting the loss for the first quarter and warnin…

Hasan Chowdhury   


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3 mins read

How Shopify monitors its employees on Slack

Shopify employees said the company is monitoring Slack conversations — and it's turning the o…

Jordan Parker Erb   


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3 mins read

Sawdah Bhaimiya   


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2 mins read

E-commerce platform Shopify lays off 1,000 employees

E-commerce platform Shopify on Tuesday announced to cut 10 per cent of its workforce -- around 1,00…

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3 mins read

Why remote work is causing a massive shift in salaries around the country

The "Great Salary Convergence" is a phenomenon that's changing how Americans get paid. Also, Elon M…

Jordan Parker Erb   


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4 mins read

Billionaires and CEOs descended on Beverly Hills to talk recession, bank failures, and more. Here's the inside track.

In Insider Today: The rise of Airbnb "bait-and-switch" scams, an explosion of real-estate "junk fee…

Matt Turner   


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1 min read

Walmart lays off 200 corporate employees amid rising inflation

Retail giant Walmart has laid off at least 200 corporate employees as the economic downturn takes i…

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4 mins read

Welcome to Salesforce's week from hell.

Employees can't sleep. Managers had to call their employees to see whether they still had a job. Th…

Diamond Naga Siu   


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3 mins read

Tech earnings continue through the end of the week — and all eyes are on Meta

The biggest story in tech right now is Facebook reporting its second quarter earnings — and analyst…

Jordan Parker Erb   


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10 Things in Tech: Uber wants to predict your habits, Apple and Google team up, and Lebron James eyes Complex Networks

In today's edition: Lebron James eyes buying Complex Networks, Google gatekeeps AI, and more headli…

Diamond Naga Siu   


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4 mins read

Everyone's talking about "quiet quitting." Here's what it means — and how the term got its start.

The term owes its origins to Aki Ito's Insider report on "coasting culture," which is when workers …

Matt Turner,Jordan Parker Erb…   


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3 mins read

The Stripe founders' memo explaining its layoff plan to employees is a remarkably candid look at why so much of tech is in freefall

The payment software company Stripe is laying off 14% of its workforce. Its memo to employees highl…

Travis Clark   


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4 mins read

Some of America's biggest companies are hinting the labor shortage is ending for them

For a year, companies have said it's tough to hire. Now companies like Walmart, Shopify, and Lyft s…

Juliana Kaplan