Shopify to Reduce Workforce by 20% and Sell Logistics Business

Shopify to Reduce Workforce by 20% and Sell Logistics Business
Shopify Inc. headquarters signage in Ottawa on May 3, 2022. The Canadian Press/Sean Kilpatrick
The Canadian Press
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Shopify Inc. says it will reduce its head count by about 20 per cent and sell its logistics business to Flexport, a supply chain management company.

The Ottawa-based e-commerce giant announced the moves Thursday morning and positioned them as a way to help it focus on its main quest: making commerce easier.