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

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

#142
post #76
post #7

Earlier quoted context omitted.

They're likely speaking of their liability should a employee's laptop, containing sensitive information, ever be stolen or re-sold (or simply, left in the hands of an ex-employee with a grudge.) It would be difficult for a IT department to guarantee, for sure without replacing the internals of the device, that the device doesn't contain sensitive information. Probably easier from an inventory and IT security perspect…

I think it's actually a really easy guarantee on modern laptops from a technical standpoint, but that doesn't matter if there's a compliance requirement or contract they signed with major customers.

There are a lot of customer requirements around mobile device management and the like that arguably don't make a lot of difference for any employee wanting to work around them. But they're there so companies need to follow them.

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

#143
Is this the same CEO who decided to double the engineering team in a single year?

https://techcouver.com/2021/01/06/shopify-to-double-engineer...

Aren’t CEOs paid ludicrously well to make long term decisions, rather than just flail around?

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

#145
I worked at Shopify until the Fall.

Shopify was just a really fun place to work. And in part this was because they did a really good job of interviewing. Technical, yes, but in particular behaviorally.

So I can honestly say that many of the colleagues I know being let go are truly great colleagues. They were some of the most impactful people I worked with in my org (discovery) and they are a great get for any company.

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

#147
post #114

> But now we are at the dawn of the AI era and the new capabilities that are unlocked by that are unprecedented. Shopify has the privilege of being amongst the companies with the best chances of using AI to help our customers. A copilot for entrepreneurship is now possible. Our main quest demands from us to build the best thing that is now possible, and that has just changed entirely. Most recent layoffs have been fr…

It means they’ll frequently be seeing the phrase “as an AI language model…” in their daily strategy sessions.

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

#148
post #131

Does anyone have a sense of how bad things really are for the US economy and what the next 12/18 months are going to look like? Seems like every day all I see is doom and gloom, I've not seen a bright spot in quite some time... it's becoming increasingly difficult for me to get a sense of where things are. People keep saying things are going to get worse, I keep reading things are going to get worse, friends are lite…

I'm in the BI space. I'll answer anecdotally since I pay attention to the job boards in the US quite a bit. I've got no hard data for my assertion full disclosure. For the last 3 months entry level work has dried up. I'm seeing very few postings for underling positions. Mid level 4-7 years jobs have markedly declined as I'm seeing fewer postings across this same time span month over month. 7+ years experience seems to be flat, but not down as the other tranches of work. You asked for a sense. That's my sense.

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

#149

I'll tell you a personal anecdote about Shopify and why I dislike the company. Back in 2019, I was contacted by Shopify for a job opportunity. After acing multiple remote interviews, their recruiter couldn't contain their excitement. They promised me an onsite interview to simply meet the team and potentially secure an offer. Imagine my surprise when, after enduring a 15-hour economy class flight with barely any time…

I had experience with Shopify a few years back - around the start of the pandemic in 2020, not quite so disastrous as it didn't go that far but basically after an initial recruiter phone screen I had a technical interview with one of their Data Scientists, the questions were very easy and I got the impression I was significantly more experienced than their interviewer.

After that I had a second phone screen with the same recruiter - which I suppose was some sort of behavioral interview? I failed because I got the rejection after that with no feedback. Looking back, I got the impression they already had someone in mind but needed to tick some boxes or something - like show they interviewed multiple people for the role.

Knowing a few people that do work at Shopify I get the impression they are very particular about their cultural fit so maybe that was it.

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

#150
post #2

I know the reality is more complicated, but it's always jarring to read a "company X had a great! quarter, is firing 20% of employees" headline. Very dystopian. It seems like these two facts should at least go out in different press releases on different days. For Shopify, does anyone know whether the 20% figure includes the people leaving with the sale of SFN to Flexport? Edit: just heard in the earnings call that t…

The ZIRP discourse is a bit facile, but there’s a lot of truth to it, and a lot of tech companies have been kept afloat solely by historically-low WACC and a frothy IPO market; due to their inability or unwillingness to impose financial discipline commensurate with their revenue we have a bunch of companies that are, functionally, unprofitable at any scale. Rough times for good folks, unfortunately.
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