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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

#271

Post by MrSqueezles »

flappyeagle wrote: post #116
ryathal wrote: post #84

Earlier quoted context omitted.

The investor class is desperate for a recession and it's just not happening so they keep laying off people until they can make it happen.

This is not how recessions work.

Emotional investors moving hundreds of billions of dollars create self-fulfilling prophecies. It absolutely is how recessions work.

"I'm so pissy because the US Fed isn't giving away free money anymore. I'm moving to cash and will shower money on any company that does layoffs."

Yeah, it works.

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

#272

Post by moneywoes »

mortenjorck wrote: post #240
bonney_io wrote: post #216

This all sucks, and I hate that CEOs can continue to lie about layoffs, hire uncontrollably, then completely 180 and lay tons of folks off. That said: where do I sign up for 16 weeks of severance pay?

> That said: where do I sign up for 16 weeks of severance pay? The cruel irony is that having Shopify on your resume will open a lot of doors and likely result in a shorter job search than those laid off from lower-profile companies with less severance. For point of comparison, my no-name series-D gave us a little over two weeks… and I’m unfortunately still looking 20 weeks later.

Yep 2 weeks of severance here

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

#273

Post by moneywoes »

cxf12 wrote: post #148
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…

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 t…

What job boards do you check? What’s a BI position like

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

#274

Post by ethanbond »

ryukafalz wrote: post #251
HDThoreaun wrote: post #225

Earlier quoted context omitted.

Over hiring in the face of uncertain macro conditions and consumption changes is probably the right choice. If your market expands as you believe it might you're ready to step in and grow. If it doesn't grow you can just lay people off and you're back where you started. The important thing here though is that it's hard to catch up to competitors that have lapped you but it's easy to slow down when you're ahead. If yo…

> If it doesn't grow you can just lay people off and you're back where you started. "Back where you started" with a now highly demotivated team isn't quite back where you started.

Usually when there are layoffs the environment outside the company is not so great either

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

#276

Post by abledon »

jrochkind1 wrote: post #73

> The balance of crafter to manager numbers is a tricky one to strike. Too few and you risk misalignment on the most important things, too many and you add heavy layers of process, approvals, meetings and… side quests. Our numbers were unhealthy, just like it is in much of the tech industry. One of the insidious consequences of this is that it leads to the company increasingly celebrating activities rather than craft…

thank goodness, get rid of the bloat

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

#277

Post by throwwwaway69 »

medellin wrote: post #210
brotoss wrote: post #141

Referring to "main quests" and "side quests" in a mass layoff notice is extremely cringeworthy

The letter seems to have two audiences. Investors and employees. It’s easy to criticize this stuff but i have yet to see HN provide any valid feedback in these threads outside of criticizing past decisions of the CEO.

Here’s valid feedback: don’t use ridiculous language (team change), treat us like adults. We know what this is. Don’t turn a message about layoffs into a marketing puff piece about Shopify’s mission to save kittens and make rainbows. Own up to literally any amount of accountability, and be real as for the reasons this is happening (we hired these people knowing the risk we may need to lay them off - we were wrong and now you suffer as a consequence)

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

#278

Post by oblio »

thegginthesky wrote: post #68

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'm sorry to tell you this, but either your perception was wrong or your recruiter made a mistake.

Remote interviews are generally phone screens. Aka just weeding out candidates.

On site interviews are the real killer.

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

#279

Post by the_only_law »

qbasic_forever wrote: post #215
alexvoda wrote: post #214

Earlier quoted context omitted.

I can understand trying to have a calming discourse whose message pretty much amounts to "c'est la vie". But even if that is not your intention, it can come out as dismissive. Many people do worry about the future for very good reasons.

How does it help your situation to worry about something you cannot control or influence in any way whatsoever? Plan for the future, good or bad, but don't dwell on what you can't control.

> How does it help your situation to worry about something you cannot control or influence in any way whatsoever?

They affect me. I don’t give a fuck what the sun does everyday if I can’t pay my rent.

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