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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

#151

Post by 0zemp2c »

neom wrote: 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…

doom and gloom? all major indexes are still trading at lofty values

"safety" stocks like AAPL are at or near all-time highs

real estate has budged slightly, but a rounding error off of the gains made in the last few years

even employment...tech hiring is getting hit but lots of other employers in retail, food & beverage are reporting record hiring and even wage increases

if there is a "crash", it hasn't happened yet

you may just end up with a sucky decade of stagflation...you are poorer every day, but just not dramatically so

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

#152

Post by cde-v »

AndrewKemendo wrote: post #122
cde-v wrote: post #89

Earlier quoted context omitted.

Almost no one is going to agree with you here. Hacker News is filled with “temporarily embarrassed billionaires” who all think their shitty little app or the fact that they know some obscure useless programming language think will make them rich one day.

Tide is changing friend I'm as surprised as anyone how quickly, but I think it's a great thing to see

I hope so. Regardless, I won’t pass up an opportunity to shit on the tech bros who lick boot.

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

#154

Post by tetromino_ »

gurchik wrote: post #4

> We legally need the work laptop back, but we’ll help pay for a new one to replace it. What law? I’m not criticizing Spotify at all for this decision, I’m just genuinely curious. A few other companies recently are giving away the laptops so I’m wondering what is different here.

It could be for be contractual reasons: for example, employees might have proprietary licensed third-party data or source code checked out in a local cache somewhere, and IT needs the laptop back to verifiably scrub the hard drive.

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

#155

Post by Arubis »

“We will also keep Slack and internal email open today for everyone so we can share farewells.”

That’s drastically different. Most orgs that’ve run layoffs over the last few years have terminated access immediately, or even before informing those losing jobs.

This feels more human, and I hope it goes well for them.

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

#156

Post by pastor_bob »

>Logistics was clearly a worthwhile side quest for us, and started to create the conditions for our main quest to succeed. From the beginning, we worked with lots of partners on all aspects of this same problem: warehouses, robotics, transportation, crossdock, freight. We iteratively built a solution, step by step, through software, leases, and M&A deals, that could be an independent company one day. Shopify was the perfect place to bootstrap this effort from 0 to 1 and we have done this. The next step is to take what we have and take it from 1 to N as a main quest.

I don't understand the point of a statement like this. Why not just admit logistics turned out to be a sunk cost and you're abandoning it, rather than say "We actually killed it!"

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

#157

Post by otter-in-a-suit »

DDerTyp wrote: post #58
otter-in-a-suit wrote: post #24

I was unfortunately affected by this (in the Data Organization). Shame - Shopify is a fun place where I've learned a ton. We were just getting a cool Data product off the ground. Well, if anybody's got a need for a Staff/Lead Data Engineer (Remote EST) with experience in Scala (+cats/fs2), Python, go who has spent the last 10+ years building Data Products on BI, then Hadoop, then GCP (+ the Apache Zoo, lately namely…

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!

What a small world - let's!

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

#159

Post by lasftew »

orra wrote: post #42
monero-xmr wrote: post #21

Earlier quoted context omitted.

If Shopify can deliver its software with less people, that’s better for society. Put it this way - would you like to be paid to mow a lawn using scissors? I can pay hundreds of people to mow my lawn using scissors, and they will be employed as landscapers. Or I can pay one guy with a lawnmower.

> I can pay hundreds of people to mow my lawn using scissors, and they will be employed as landscapers. Or I can pay one guy with a lawnmower. Right, but that's not the actual dichotomy. First, if Shopify can deliver its software with less people, then with the same number of people they could deliver more. Second, realistically the dichotomy, in the short to medium term, is will these people be employed in a skilled…

The fallacy is that organizations as a whole can only do so many different things efficiently. Capital allocation becomes less efficient if a single hierarchically structured entity has to decide on how and where to invest its capital, compared to the alternative of free market competition for capital (as usual ceteris paribus).
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