Shopify to reduce workforce by 20%, sell logistics business

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The Ottawa-based e-commerce company positioned the moves as a way to help it focus on its main quest to make commerce easier.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

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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