back to article Shopify sees $1.5B loss turn into $68M profit, celebrates by firing 20% of staff

Web commerce platform Shopify on Thursday announced a 25 percent increase in revenue followed by a 20 percent decrease in staff. The job cuts come less than three months after Harley Finkelstein, president of the Ottawa-based firm, told the Canadian press, "There’s no cuts coming for us." In its Q1 2023 results reported …

  1. claimed

    Jobs AI can do?

    No more jobs generating factually questionable bullshit?

    I’ll believe that when I see it ;)

  2. Anonymous Coward
    Anonymous Coward

    "But now we are at the dawn of the AI era and the new capabilities

    new capabilities, new opportunities (read: MY bonus). And fuck the consequences, in plain English.

  3. CowHorseFrog

    How in the world does shopify need 10k staff ?

    A few hundred at most are needed for what it is and thats being generous.

    1. vekkq

      task bloating

      i guess its either lots of experimental side projects, wasteful bureaucracy or massive task bloating.

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