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Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

news.shopify.com

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Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#101

Post by FredPret »

matdehaast wrote: post #61
FredPret wrote: post #32

Earlier quoted context omitted.

The CEO's job is to deliver results, not maintain full employment. Companies exist, and have always existed, to be temporary money-making enterprises. Acting like they are civil institutions tasked with upholding the social fabric is absurd.

Agreed, all these people who make it seem that companies need to be some duty to employee everyone clearly hasn't seen how this has failed in many social leaning states. Don't like how they do it? Create your own company and run it how you want.... We live in a world where you can do that.

Exactly, and startup costs have been dropping like a stone.

No-one owes anyone a living, but you don’t need anybody’s permission either.

Seeking to create artificial certainty in outcome leads to insurmountable stagnation.

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#102

Post by taneq »

marcinzm wrote: post #29
Rafert wrote: post #22

Things changed quite a bit since this quote from February 17: > “There’s no cuts coming for us,” Harley Finkelstein told The Canadian Press. “We’re in a really good place.” https://globalnews.ca/news/9494197/shopify-outlook-no-layoff...

In my observation absolute statements about no layoffs are a strong indication of future layoffs in this economy. It's impossible to be certain in this economy so giving an absolute statement is basically a lie. Someone who is so brazen about lying to/deceiving their employees will have no qualms with doing layoffs. On the other hand someone who uses more careful language even if it costs them in the short term is so…

When a young child starts telling you they’re not tired, it’s definitely bedtime.

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#104

Post by CoastalCoder »

Woeps wrote: post #80
DDerTyp wrote: post #58

Earlier quoted context omitted.

Hey, I just found your LinkedIn Profile and noticed that we studied at the same university - even the same degree! I've send you a request on LinkedIn, so maybe we could connect and have a chat? Have a great day!

offtopic, but it sounds you where trying to reach them as their car's extended warranty is about to expire ...

@Woeps: In case your joke gets downvoted into oblivion, FYI I found it very funny.

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#105

Post by FredPret »

kalleboo wrote: post #98
FredPret wrote: post #32

Earlier quoted context omitted.

The CEO's job is to deliver results, not maintain full employment. Companies exist, and have always existed, to be temporary money-making enterprises. Acting like they are civil institutions tasked with upholding the social fabric is absurd.

But why did the CEO hire all these useless people in the first place if they are so competent? Why did it take until now to fire them?

Who says they’re competent?

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#106

Post by 23B1 »

alanfranz wrote: post #25

What is an healthy manager-to-ic ratio?

The concept of "span of control," sometimes called the management ratio, is the number of direct reports controlled directly by a leader or a manager. The concept was developed in the UK by Sir Ian Hamilton in his book The Soul and Body of an Army, in the 1920s.

It arose from the assumption that managers have finite amounts of time and energy to spend with their people and their jobs.

Analyzing British military leaders, Hamilton found that the leaders could not effectively control more than 3-6 people. These figures have been generally accepted as the "rule of thumb" for span of control ever since, at least in the military where the bulk of my management experience lies.

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#107

Post by UK-Al05 »

FredPret wrote: post #101
matdehaast wrote: post #61

Earlier quoted context omitted.

Agreed, all these people who make it seem that companies need to be some duty to employee everyone clearly hasn't seen how this has failed in many social leaning states. Don't like how they do it? Create your own company and run it how you want.... We live in a world where you can do that.

Exactly, and startup costs have been dropping like a stone. No-one owes anyone a living, but you don’t need anybody’s permission either. Seeking to create artificial certainty in outcome leads to insurmountable stagnation.

Society exists to create certainty where there was risk.

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#108

Post by tebbers »

nness wrote: post #11

Shopify also bumped their prices 33% earlier in the year. As a small-business Shopify merchant, I would appreciate more competition in the market.

WooCommerce is free plus a $5 a month VPS if you want to do e-commerce yourself. If you want support + hosting + security features then pay for a SaaS.

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#109

Post by ydnaclementine »

Rafert wrote: post #74
purple_ferret wrote: post #8

Seems like a huge miscalculation by management if their abandoning their expansion into logistics so quickly. Tobi should step down.

Quickly? They acquired 6 River Systems and announced the Shopify Fulfillment Network back in 2019. The were some pivots along the way (using 3rd party vs building out own warehouses) but it seems to me they've been at it for some time.

They're selling Deliverr after purchasing them in May 2022 (finalized in July 2022)

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#110

Post by kaon123 »

FredPret wrote: post #32
nus07 wrote: post #9

Last time I read a very reassuring and cogent letter by the CEO of Shopify about the layoffs . But at no point did the letter hint at further layoffs no less 20% which is huge. Wondering what the explanation is this time. I understand everyone has their worth and price but I fail to see how management and leadership at companies still have jobs and huge bonuses. Reaganomics has had 35 years. Maybe we need a new visio…

The CEO's job is to deliver results, not maintain full employment. Companies exist, and have always existed, to be temporary money-making enterprises. Acting like they are civil institutions tasked with upholding the social fabric is absurd.

It is not so simplistically true. This is what Reaganomics will want you to believe. Examples abound of companies that did not prioritise shareholder returns over everything. Companies are organisations that operate within a society and therefore have a role to play to keep that society together.

There are (very limited) lawful structures that try to make this happen, but much more is down to culture. In many (most?) countries it is considered shameful if a company prioritises shareholder value above everything else. I honestly believe the US is an exception in this regard. Unfortunately US culture is taking over.

- And now to go on a complete tangent: In the second part of "The Three Body Problem" trilogy, The Dark Forest, institutions are described that have both an operational officer and a political officer. The navy has an Admiral that decides the strategy, and a political officer that makes sure the Navy does the right thing. The same is then applied to companies. - I wonder if this is a model to apply to a capitalist society: Where you have a CEO doing their regular thing, but also a political officer making sure society is not disadvantaged. Hard to pull off without falling into totalitarianism I guess.

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