Name: Shopify (SHOP) To Lay Off 20% Of Employees & Earnings
Uploaded: 2023-05-04T15:07:45.416
Duration: 3 min 11 s

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Shopify (SHOP) is to layoff 20% of its employees. Jenny Horne discusses this, as well as SHOP's earnings which were released today, May 4th, premarket. Its adjusted EPS came in at $0.01 versus an estimated -$0.04 and its revenue came in at $1.51B versus an estimated $1.44B. SHOP also announces the sale of logistics arm to Flexport. Flexport is to become SHOP's preferred logistics partner. Tune in to find out more about the stock market today.

Shopify (SHOP) To Lay Off 20% Of Employees & Earnings

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