Internal memo: Shopify plans to cut around 1,000 workers, or 10% of its global workforce, citing consumers pulling back from online shopping (Vipal Monga/Wall Street Journal)

Internal memo: Shopify plans to cut around 1,000 workers, or 10% of its global workforce, citing consumers pulling back from online shopping (Vipal Monga/Wall Street Journal)

Vipal Monga / Wall Street Journal:
Internal memo: Shopify plans to cut around 1,000 workers, or 10% of its global workforce, citing consumers pulling back from online shopping  —  CEO Tobi Lütke says company made wrong bet on pandemic-fueled boom in e-commerce growth lasting  —  Shopify Inc. SHOP -1.71%▼ …