The Ottawa-based e-commerce giant doesn’t need to grow as quickly after setting out to hire 2,021 people in 2021, CEO Tobi Lütke said in a town hall Thursday. The company’s share price has fallen by nearly three quarters in the last six months. (BetaKit)
Talking point: A spate of prospective hires have complained that formal written offers haven’t followed oral ones, sparking rumours of a hiring freeze. But purported insiders posting on the anonymous workplace bulletin board Blind wrote that delays are most likely because of a change in Shopify’s compensation model—in which employees choose the balance between cash and stock options they’ll get paid in—that hasn’t been fully applied yet. Tech companies have been imposing hiring freezes and laying off staff as they navigate turbulent financial markets and an uncertain economy.
