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 …

[claimed]

Jobs AI can do?

No more jobs generating factually questionable bullshit?

I’ll believe that when I see it ;)

[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.

[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.

[vekkq]

task bloating

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