Shopify to lay off 10% of workers in broad shake-up

Re:Shopify to lay off 10% of workers in broad shake-up by beambot on Tuesday July 26, 2022 @02:29PM (#32242012)

SHOP: $4.8B in trailing 12-month revenue, growing 70%+ YoY for last few years and $250M in positive free cashflow.

They're likely predicting eCommerce growth slowing a bit (combination of post-COVID & reduced consumer spending), so pushing for better fiscal discipline & improving net margins going forward.