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The company might not be in major trouble, just using recent low share prices, tech industry layoffs and freezes to make some cuts on underperformers.
by Rastonbury 4y ago
The company might not be in major trouble, just using recent low share prices, tech industry layoffs and freezes to make some cuts on underperformers.
- curiousllama 4y agoYea, 10% doesn't scream disaster to me. A couple % from low performers across the company, a couple % from underperforming parts of the org, a couple % from reducing long-term/optimistic investments, and Shopify can drop 10% and keep growing. The layoff-consultant folks often say you can drop a third of a company and not see a major difference in performance. If Shopify were struggling, they might have seen if the consultants were right.
- Rastonbury 4y ago10% is pretty big actually for a public company not fighting for their life or with a runway, imagine 1 out of 10 of your coworkers gone, in addition to natural attrition.