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Shopify to lay off 20% of workforce, revenue tops expectations

Shopify Inc , posted a surprise first-quarter profit on Thursday and said it would lay off 20% of its workforce in a second round of mass job cuts, sending its U.S.-listed shares more than 18.7% higher in early trade.

Market movers: Stocks seeing action on Thursday - and why

Flexport Acquires Shopify Logistics Assets to Accelerate the Global Supply Chain s Digital Transformation

Leading tech-driven logistics platform, Flexport, has announced the acquisition of Shopify Logistics assets. The move will allow businesses to effortlessly plan, visualize, and execute goods movement from manufacturers to customers.

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