Shopify shares plunge 15% after company says it will lay off 10% of workers
An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shopify is laying off roughly 1,000 workers, or about 10% of its global workforce, the company announced Tuesday. Shares of Shopify sank more than 16% after the announcement. In a memo to staff, CEO Tobi Lutke acknowledged that he had misjudged …
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