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

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471–480 of 531 posts

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

#471

I've seen little evidence that a company can thrive after 20% workforce cuts. Whatever successes Shopify has had, it's safe to say those days are done.

What are you talking about? Companies downsize all the time and continue to thrive. It's a normal part of adapting to market conditions.

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

#472

Earlier quoted context omitted.

That’s a bit presumptuous. I was enthusiastic about the interview until afterwards The interview was conducted by the recruiter and while she didn’t flat out ask personal questions, she asked questions that would almost cause me to reveal personal information such as my marital status and sexuality. It was not fun coming with made up responses to avoid that because it’s none of her business. There’s a reason intervie…

Sorry if my comment came off at an personal attack, that wasn't the intent. With that said, there are lots of reasons why a company might want to vet candidate attitude besides discriminating based on protected characteristics. Out of curiosity, what kind of questions did you find invasive or discriminatory?

So it wasn't the questions themselves, but when you start asking about why you moved from this city to that, or why did you choose this school, etc. Maybe it's because your SO got a job there, or some other personal reason.

I get that it's totally an innocent intent, but there are much better ways to assess a candidate's soft skills, that is strictly related to their professional experience.

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

#473

Earlier quoted context omitted.

It's not just tech compensation. The zeitgeist right now is that employee comp is/was simply too high. There have lots of murmurings lately that amount to that at many different levels of the capital chain. Perhaps what's interesting about now is that people are quite okay with saying it openly. Tech is an easy target since it is well-known, and the pandemic inflated the importance of tech artificially to some degree…

Isn't this frustrating? Employees of course have the bare the brunt, but god forbid its shareholders and executives that need to scale down their payouts. Feels so incredibly backward. And yes I know its "stock performance" but what do you think drives this? With executive compensation mostly related to stocks, of course at the end of the day, thats what they want to drive up.

The serious companies have most of their employee's compensation in stock anyways.

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

#474

Earlier quoted context omitted.

It's a fundraising advertisement, not for you. The headline is to pitch possible future investors that Shopify will prioritize investor returns over anything else (as ordained by the Prophets of capitalism)

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.

A restaurant can get away with giving everyone crappy part time work IF the restaurant knows that on demand it can request people to work more hours/extra days. It sounds like an efficient way to run in a grad school sense. But what happens when people start saying no or get sick? The restaurant is closed at odd times, people are inconvenienced and just start going somewhere else, has opportunity costs because it has to pass on that last minute phone in order from an office catering lunch because it's minimally staffed (to be market efficient). Cutting to absolute minimum viable is a horrific concept if you are building a business. You lose your best people, you have a ton of opportunity costs, and you basically give up on growth, productivity goes down as your remaining people have to do way more context switching.

If you are running a zombie company and just squeezing the last bits out it might be considered running a business I guess?

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

#475

Earlier quoted context omitted.

Sorry if my comment came off at an personal attack, that wasn't the intent. With that said, there are lots of reasons why a company might want to vet candidate attitude besides discriminating based on protected characteristics. Out of curiosity, what kind of questions did you find invasive or discriminatory?

So it wasn't the questions themselves, but when you start asking about why you moved from this city to that, or why did you choose this school, etc. Maybe it's because your SO got a job there, or some other personal reason. I get that it's totally an innocent intent, but there are much better ways to assess a candidate's soft skills, that is strictly related to their professional experience.

[flagged]

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

#476

Earlier quoted context omitted.

Sorry if my comment came off at an personal attack, that wasn't the intent. With that said, there are lots of reasons why a company might want to vet candidate attitude besides discriminating based on protected characteristics. Out of curiosity, what kind of questions did you find invasive or discriminatory?

So it wasn't the questions themselves, but when you start asking about why you moved from this city to that, or why did you choose this school, etc. Maybe it's because your SO got a job there, or some other personal reason. I get that it's totally an innocent intent, but there are much better ways to assess a candidate's soft skills, that is strictly related to their professional experience.

Okay, my Original Point was that maybe one of the soft skills the test is assessing is the ability and willingness to share their personal self in a positive and constructive manner.

Many if not most people find us a desirable attribute in coworkers and workplaces. I get that it's not for everyone, but not every workplace is a good fit for everyone.

I think you're getting some rude comments because of exactly this fact

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

#477
post #450

Earlier quoted context omitted.

They pay competitively now, but it took half the company quitting during covid covid for them to get to that point

When did this change? I interviewed in fall 2021 and got a decent offer but ultimately took a higher offer elsewhere.

Last September. You now get $X per year and chose how much you want in stocks or cash. Depending on your level, a certain minimum of stock is necessary. Most Sr / Staff engineering had a floor of 10% stocks, but the rest is plain cash.

Shopify wasn't paying like FAANG, but also not like a startup. I would say 75% of a FAANG.

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

#478
post #344

Earlier quoted context omitted.

> Why do companies write like this? It's just awful. You aren't the audience, that's why.

Who honestly is the audience? Algo traders (not joking here)?

It's a publicly traded company - mainly investors/analysts.

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

#479
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...

I'm good at everything that I'm good at, every time that it works out!

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

#480
post #436

I'm impacted. And it sucks. It sucks because I really liked the company. I liked the culture. I liked the leadership style. I liked the mission. I genuinely think that company is doing good for the world, and making money in the process. The challenge now is that the leadership have burned a lot of trust with the employees. They repeatedly said no more layoffs were coming, but with this move they all benefitted finan…

I'm sorry, hope you'll land somewhere good.
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