Shopify to cut 10% of staff after making 'wrong' bet about pandemic online shopping boom
CNN
Shopify will lay off approximately 10% of its global staff after making the "wrong" bet on how long the pandemic-fueled surge in online shopping would continue, the CEO of the Canadian e-commerce company announced Tuesday.
The cuts span divisions including recruiting, support and sales, according to CEO Tobi Lutke in a memo to staff, and will take effect by end of day Tuesday. Shopify reported having about 10,000 employees as of the end of 2021.
Shopify, an e-commerce platform that helps businesses sell products online and in retail stores, saw demand for its services "skyrocket" in the early days of the pandemic as "almost all retail shifted online because of shelter-in-place orders," Lutke said in the memo.
A provocative new work from the artist behind that duct-taped banana tackles gun violence in America
The Italian artist Maurizio Cattelan shines a light on gun violence and the divisions in US society in a new installation, “Sunday,” at Gagosian in New York City.
One Florida abortion clinic confronts a new six-week ban with a last-minute push and long-term plans
On Tuesday afternoon, Mikenzie Buchanan scooped up an armful of clipboards piled behind the front desk at A Woman’s Choice, an abortion clinic here; it was almost too many to hold. On each clipboard, behind a blue cover to protect personal information, were documents and charts for patients who had visited the clinic to receive a medication abortion that day.