https://techcrunch.com/2023/05/04/shopify-to-reduce-workforce-by-20-sells-logistics-business-to-flexport-for-13-equity/

Shopify revealed today that it’s laying off 20% of its workforce, impacting more than 2,000 people, and is selling its logistics business to Flexport for roughly 13% in stock.

The news comes some 10 months after Shopify announced that it was reducing 10% of its workforce — roughly 1,000 people — and follows a trend that has seen many big technology companies engage in several rounds of redundancies in response to economic headwinds.