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Shopify executive exodus continues as nearly half of C-level team set to leave company


Shopify executive exodus continues as nearly half of C-level team set to leave company
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The exodus of long-standing Shopify Inc. executives continued Wednesday, as chief executive officer Tobi Lutke announced three of the company’s seven chief-level officers would leave the online commerce software giant.
Mr. Lutke said in a blog post that chief talent officer Brittany Forsyth, chief legal officer Joe Frasca and chief technology officer Jean-Michel Lemieux would all “transition out of their current roles,” which they have all held for at least six years, in the coming months. ....

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Toronto startup Swyft raises $17.5-million to roll out same-day delivery of online orders for smaller retailers


Kirsty O Connor/The Associated Press
After joining Amazon.com as an engagement manager in 2019, Aadil Kazmi was inundated with calls from independent merchants he knew. They all wanted to know how they could get faster, affordable shipping for their online orders, just like the e-commerce goliath offered – and had conditioned online shoppers to expect.
So he quit his $200,000-a-year job, abandoned his stock options and co-founded a company to provide the same level of speedy shipping to merchants in Amazon’s shadow. That was one year ago.
On Wednesday, Mr. Kazmi’s Swyft Technologies Inc. announced it had raised US$17.5-million, led by Inovia Capital and San Francisco’s Forerunner Ventures, after quickly establishing itself as a provider of previously unattainable Amazon-level delivery service at affordable prices to merchants in Toronto, Vancouver and Ottawa. ....

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