Shopify announced Thursday that it was cutting 20% of staff and selling off its logistics business. Over the last few days, impending layoffs have created a culture of fear among employees.

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 ...

Shopify’s main quest is to make commerce simpler, easier, more democratized, more participatory, and more common. I think that we have built the best commerce platform in the world for that.

Flexport is buying Shopify’s logistics-fulfillment operations, including U.S. e-commerce platform Deliverr, setting up the freight company to add home-delivery services that would compete with ...

Shopify today announced it is acquiring 6 River Systems, a startup focused on fulfillment automation for ecommerce and retail operations.The deal is valued at approximately $450 million — 60% in ...

In a move geared towards expanding its global services into last mile and e-commerce fulfillment, San Francisco-based freight forwarding and customs brokerage services provider Flexport announced ...

Shopify Inc , on Thursday posted a surprise first-quarter profit and announced plans to lay off 20% of its staff while allaying investor concerns by exiting its logistics arm, sending its shares ...