E-commerce platform Shopify fires 20% of employees, sells logistics business
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Canadian e-commerce platform Shopify has announced it is laying off 20% of its workforce. This is the second time company has decided to fire staffers in 10 months. In the first round, it axed around 1,000 people. The firm has also sold its logistics arm to freight forwarder Flexport. Shopify's second round of layoffs will affect over 2,000 employees. According to TechCrunch, the actual figure could be in the region of 2,300.