Shopify to reduce workforce by 20%, sell logistics business

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The Ottawa\u002Dbased e\u002Dcommerce company positioned the moves as a way to help it focus on its main quest to make commerce easier.

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Under the terms of the agreement, Shopify will receive stock representing a 13 per cent stake in Flexport and the ability to name a director to Flexport’s board.

 

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Shopify to reduce workforce by 20%, sell logistics business - BNN BloombergShopify Inc. says it will reduce its head count by about 20 per cent and sell its logistics business to Flexport, a supply chain management company.
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Shopify to reduce workforce by 20 per cent, sell logistics businessShopify Inc. says it will reduce its head count by about 20 per cent and sell its logistics business to Flexport, a supply chain management company.
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