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Shopify to lay off 20% of staff

37 pointsby darrylb42about 2 years ago

5 comments

matteasonabout 2 years ago
Previous discussion: <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=35813763" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=35813763</a><p>Official announcement: <a href="https:&#x2F;&#x2F;news.shopify.com&#x2F;important-team-and-business-changes" rel="nofollow">https:&#x2F;&#x2F;news.shopify.com&#x2F;important-team-and-business-changes</a>
tedivmabout 2 years ago
&gt; Part of the cuts come from Shopify&#x27;s sale of its logistics division to Flexport, based in Silicon Valley, Calif.<p>It&#x27;s really surprising to me that the company that laid off 20% of their staff is now buying an entire logistics division off of Shopify. I actually interviewed at Flexport earlier this year, and it was not the greatest experience (delays on interviewing, interviewers who didn&#x27;t know who I was or what role I was interviewing for, one on one interviews where the other party wasn&#x27;t even paying attention). The week I interviewed they ended up announcing the layoffs, so I just assumed they weren&#x27;t serious about hiring.<p>* <a href="https:&#x2F;&#x2F;www.cnbc.com&#x2F;2023&#x2F;01&#x2F;11&#x2F;flexport-to-lay-off-20percent-of-its-global-workforce.html" rel="nofollow">https:&#x2F;&#x2F;www.cnbc.com&#x2F;2023&#x2F;01&#x2F;11&#x2F;flexport-to-lay-off-20percen...</a>
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stepbeekabout 2 years ago
&gt; Everyone will receive a minimum of 16 weeks severance plus a week for every year they worked at the company.<p>It&#x27;s a bummer that they&#x27;re having to make mass layoffs (again), but I&#x27;m glad they&#x27;re offering decent severance.
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myhrvoldabout 2 years ago
Unfortunate, but these layoffs are not surprising given economic conditions.<p>It&#x27;s a sizable number of affected roles, so hopefully this is a one-and-done for now. (A drip, drip, drip over a year and a half is the worst IMO with respect to morale and uncertainty for the remaining folks. And then you end up losing some of the people you want to keep because they view their employment environment as unstable...)
myth_drannonabout 2 years ago
On May 6th, 2020 Shopify was the most valuable Canadian company. Why Canadian tech is cursed? Nortel, Blackberry, Shopify ...
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