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Shopify to lay off 10% of global workforce

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  • SHOP

Yahoo Finance Live’s Brad Smith discuss reports that Shopify will lay off 10% of its global workers.

Video Transcript

BRAD SMITH: Shopify becomes the latest shoe to fall amid a trend of companies cutting back on workers, the e-commerce group slashing around 1,000 workers, or 10% of its global workforce. This is according to the Wall Street Journal, citing an internal memo. We'll continue to track shares of S-H-O-P as we get closer to the start of today's trading session.

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