Shopify Inc. is cancelling internships and pulling job offers for hundreds of people who were to begin working for the Ottawa-based e-commerce company this fall.
A senior official at Shopify said the reason the company is halting further recruiting for internship roles is to focus on immediate initiatives that address theby its fallen stock price and the unwavering sell-off that is battering the global technology sector. The Globe and Mail is not identifying the source because they were not authorized to discuss the matter publicly.
Many of Shopify’s internships are part of co-op programs, which provide students with hands-on experience to balance their in-class learning, thereby giving them practical experience in their field of study. Post-secondary students often take off entire terms to complete their co-ops. That means those students who had picked Shopify for their co-ops in the fall term are now left in disarray, as they try to make alternative plans while being locked out by a majority of tech companies that have already secured their new cohort of recruits – such as Meta Platforms Inc., which runs Facebook, Instagram and WhatsApp, or Alphabet Inc., the parent company for Google and YouTube.
temurdur You include the 'War in the Ukraine' as a reason Spotify is tanking You aren't a 'journalist' in even it's BROADEST meaning or interpretation 😆🤣😅😅
globebusiness Business model is broken without a appreciating market value to actually pay proper renunciation to top talent!!
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