Shopify News

• Shopify layoffs: Company faces class action over severance offers 

  A class-action lawsuit alleges Shopify Inc. reneged on a deal it offered some employees who were laid off in a recent round of cuts.

  Canada

  May 30, 2023
  
• Shopify stock soars as it cuts staff again. Here’s what to know

  Canada's Shopify Inc. says it will reduce its headcount by about 23 per cent and sell its logistics business to Flexport, a supply chain management company.

  Tech

  May 4, 2023
  
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• Shopify president says no more layoffs coming as tech cuts continue

  Shopify was among the first of the world's tech giants to lay off staff in a summer cut that impacted 1,000 workers - roughly 10 per cent of staff.

  Tech

  Feb 17, 2023
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• Tech firms favour hybrid, remote work. So why are they opening new offices?

  There's several reasons why tech companies are opening new offices, despite turning to hybrid or remote work models during the COVID-19 pandemic.

  Tech

  Oct 3, 2022
• Shopify to lay off 10% of workforce after pandemic growth bet ‘didn’t pay off’: CEO

  Shopify is cutting 10 per cent of its global workforce, the Ottawa-based e-commerce giant announced Tuesday, after its pandemic growth plans failed to materialize.

  Tech

  Jul 26, 2022
• Shopify shareholders vote to protect CEO’s voting power, approve stock split

  Shopify shareholders voted to solidify founder and CEO Tobi Lutke's voting power for as long as he is at the company.

  Tech

  Jun 7, 2022
• Shopify reaches deal to buy logistics company Deliverr for US$2.1 billion

  Under the agreement, Shopify will pay about 80 per cent of the Deliverr purchase price in cash and 20 per cent in Shopify shares, the company says.

  Tech

  May 5, 2022
• Shopify looks to protect CEO’s voting power with governance structure changes

  Shopify is proposing changes to its governance structure to preserve founder and CEO Tobi Lutke's voting power,

  Tech

  Apr 11, 2022
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• Shopify stock sinks on revenue warning amid easing COVID restrictions

  As restrictions start to drop around the world, so has Shopify's stock after the e-commerce giant warned that its revenue growth will slow this year.

  Canada

  Feb 16, 2022