Partner works at Shopify and there has been a lot of chatter in his team about a possible layoff next week. Looks like they did their last layoff few days prior to earnings call. Is this true or just a rumor? #layoff #severance
About to put in my 2 weeks to come to shopify 🥲
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Following. Have heard rumors
Business insider seems to think so
Where did you see that?
Business Insider
Following. What are the current rumors?
10% layoff on Wednesday followed by a 5% pip
How do these layoffs go usually? System generated emails or are there 1:1 set up?
Which org OP ?
?
High chance this is happening next Wednesday. No idea on the impact but they have data points on everyone post the recent reviews, so not surprising.
Why Wednesday ?
One day before the investor call. Gives enough time to get the PR in place. Of course, everything is still just a rumor but has some weight behind it.
Nothing today. They changed their earnings call twice, it's now in the morning tomorrow. They might have a big announcement. Without layoffs or selling Logistics their stock will take a big hit.
lol it's happening https://www.cp24.com/news/shopify-to-reduce-workforce-by-20-per-cent-sell-logistics-business-1.6383547
Please no 🥲