News Summary

Shopify, the Canadian e-commerce giant, has recently laid off a small fraction of its workforce, estimated to be around 80 employees out of its 8,000-strong team. This move is part of Shopify’s strategy to streamline its organizational structure and maintain its focus on long-term merchant success. The layoffs are reportedly targeting the organizational layer and are not expected to impact the value provided to merchants. This decision follows a mandate earlier in the year where employees were encouraged to use AI tools before requesting new hires. These layoffs come after a larger wave of redundancies in 2024.