Shopify to cut 20 per cent of workforce, sell off logistics business

Ottawa’s Shopify Inc. announced a major cut to its workforce Thursday, and said it was selling its logistics operation to San Francisco-based Flexport.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office.

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Shopify to reduce workforce by 20%, sell logistics businessThe 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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Shopify cuts jobs again, sells most of logistics business to FlexportShopify Inc. shares surged after the Canadian e\u002Dcommerce company cut jobs for the second time in 10 months and agreed to sell the majority of its logistics…
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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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