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Canada's Shopify Inc. says it will reduce its headcount by about 23 per cent and sell its logistics business to Flexport, a supply chain management company.
Canada’s Shopify Inc. says it will reduce its headcount by about 23 per cent and sell its logistics business to Flexport, a supply chain management company.
Some investors say its stock is poised to outperform peers over the course of 2023 as those job cuts translate into lower costs, narrower losses and better cash flow