E-commerce player Shopify is re-scaling its operations amid stiff market headwinds. The Canadian company revealed in a blog post that it is cutting about 20% of its workforce and spinning off parts of its businesses. “We are changing the shape of Shopify significantly today to pay unshared attention to our mission. There are a number of consequences to this,” wrote CEO Tobias Lütke. “I recognize the crushing impact this decision has on some of you, and did not make this decision lightly.” [Read more: " Walmart Cutting Hundreds of Jobs Throughout E-Commerce Fulfillment Centers "]
Shopify is selling its […]
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