Shopify down 12% on report it will lay off 10% of its workforce

Jul. 26, 2022 9:04 AM ETShopify Inc. (SHOP)By: Khyathi Dalal, SA News Editor139 Comments

Shopify sign on their headquarters building in Ottawa, Ontario, Canada

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  • In an internal memo cited by Wall Street Journal, Shopify (NYSE:SHOP) indicated that it plans to cut ~1K jobs or 10% of its global workforce across all its divisions as it pulls back on e-commerce growth forecasts it

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