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.
It’s difficult to know exactly how many people are impacted by this latest round of layoffs. According to Shopify’s own website it ha

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