Shopify to reduce workforce by 20%, sells logistics business to Flexport for 13% equity

TechCrunch
By Paul SawersMay 4, 2023, 7:47 am198 pts
Shopify revealed today that it’s laying off 20% of its workforce, impacting more than 2,000 people, and is selling its logistics business to Flexport for roughly 13% in stock. The news comes some 10 months after Shopify announced that it was reducing 10% of its workforce — roughly 1,000 people — and…

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