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Shopify is set to cut about 10 percent of its global staff, which amounts to approximately 1,000 employees. The cuts were first reported by the The Wall Street Journal, which cited an internal memo that CEO Tobi Lütke sent to staff on Tuesday. According to the memo, which Shopify posted online, the layoffs are necessary as the e-commerce boom that fueled Shopify’s growth in recent years has cooled. The cuts come just more than a month after BetaKit reported that the company told employees at a June 23 town.
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An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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Export controls on Fable and Mythos raise doubts over how US will police the most powerful AI systems Read more ›
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Plus: Waabi's Raquel Urtasun explains the coming Physical AI revolution. Read more ›
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Trillium helps Canadian researchers with massive jobs like simulating oceans and modelling stars. Read more ›
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Waabi’s Raquel Urtasun and CCI’s Jim Balsillie came to Toronto Tech Week armed with data and predictions. Read more ›
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Brainchild of Koru Ventures and Scoop Insurance aims to solve the quiet inefficiency eating away at brokers’ margins. Read more ›
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Fortinet’s Robert May on the hidden challenges defining cybersecurity in the AI era. Read more ›
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Healthtech company is the first and only Google for Startups graduate based in Sudbury. Read more ›
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MOU tasks Toronto AI company with exploring AI use in province’s public service. Read more ›
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14.06.2026 21:59
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