Layoffs Hit Shopify as it Rethinks Logistics Strategy
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Shopify may have overstuffed its cart.
On its quarterly earnings call on Thursday, the e-commerce also-ran announced a mass layoff of 20% of its staff, as well as the sale of its logistics division and warehouse robotics operation. It's a delayed but no less severe hangover from the company's pandemic glory days.
Source Fool.com
Shopify Inc Stock
€54.48
-0.380%
Currently there is a rather positive sentiment for Shopify Inc with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 75 € shows a positive potential of 37.67% compared to the current price of 54.48 € for Shopify Inc.
