Shopify employee blows whistle on cost-cutting, AI-driven shift
A Shopify employee broke their non-disclosure agreement (NDA) to reveal company actions on cost-cutting and AI-driven models on Twitter. The employee alleges that Shopify promised job security to staff in early 2022 but laid off many in July that year. The layoffs were not due to a CEO’s decision but to replace full-time employees with […]
Shopify lays off 20% of its workforce
Shopify is laying off nearly 2,000 people, or 20% of its staff, and selling its logistics division to Flexport for around 13% in shares. Those affected by the layoffs will get at least 16 weeks of severance compensation, plus one extra week for each year of service at Shopify. They will also be eligible for […]
Shopify rejigs employee compensation model
Shopify is rejigging salary-based rewards for rising employees as part of a slew of tactical efforts aimed at tackling issues faced by its past compensation structure. Shopify employees will be labeled as managers or crafters under the new compensation model, and will be evaluated on their ability to manage direct reports or deliver on products […]
Shopify eliminates meetings for two weeks
Kaz Nejatian, Shopify’s COO, sent a company-wide memo unveiling a major change designed to give employees back their time and start the new year with a lot less on their calendar. Shopify stated in the memo that it would cancel all previously scheduled recurring meetings involving three or more people and impose a “two-week cooling […]
