shopify lay off

Shopify laying off large share of staff and selling major asset

Canadian e-commerce giant Shopify has announced that it's laying off 20 per cent of its workforce and selling off Shopify Logistics.

In a letter published Thursday, Shopify CEO Tobias Lütke said these moves are being made to "pay unshared attention to [Shopify's] mission."

"There are a number of consequences to this, and I don't want to bury the lede: after today, Shopify will be smaller by about 20 per cent, and Flexport will buy Shopify Logistics; this means some of you will leave Shopify today," he wrote. "I recognize the crushing impact this decision has on some of you and did not make this decision lightly."

Employees affected by the reductions were told they would get follow-up emails shortly.

Lütke also outlined ways Shopify will support those leaving the company today, including providing them with a minimum of 16 weeks severance plus a week for every year at Shopify, and medical benefits and access to Shopify's employee assistance program for the same period.

"All office furniture we provided is yours to keep," the CEO added. "We legally need the work laptop back, but we'll help pay for a new one to replace it. You'll have continued free access to the advanced Shopify plan should you opt to take an entrepreneurial path in future."

Impacted staff's Slack accounts and internal emails will remain open so they can "share farewells," too.

"You'll have a chance to talk more about this when you meet with a leader later today," Lütke added.

Lead photo by


Latest Videos

Latest Videos

Join the conversation Load comments

Latest in Tech

Win a brand new Whirlpool Washer with the industry-first 2 in 1 Removable Agitator

You can now get a No Name mobile phone plan from Loblaws in Canada

Deadline announced for Canadians to cash in on $14.4M iPhone settlement

A stricter Disney+ password crackdown might be coming to Canada

Apple Pay Express Mode reportedly now available at TTC subway stations in Toronto

Canada strikes deal with Meta to allow news back on Facebook and Instagram

City of Toronto passes landmark motion granting employment rights to AI

Someone in Toronto has created a dating app that's basically 'Love is Blind'