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Shopify cuts 20% of its workforce

Por: NBC News Tech May 05, 2023

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Shopify on Thursday announced it’s cutting 20% of its workforce. The news came as it reported first-quarter earnings that beat analyst estimates on both the top and bottom lines. Shares of Shopify surged more than 26% in early trading. CEO Tobi Lütke announced the job cuts in a memo to employees posted on the company’s website. He didn’t specify which units will be affected as a result of the layoffs. “I recognize the crushing... + full article



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