Canadian e-commerce platform Shopify (SHOP) (TSE: SHOP) announced yesterday that it would be laying off 10% of its workforce. At the time of writing, SHOP stock crashed over 17% on the news, but is up 2.7% during pre-market trading. Shopify CEO, Tobi Lütke, penned a heartfelt note on the microblogging site Twitter (TWTR) regarding some of the tough times that forced his hand. At first, the CEO tweeted that he had to share some sad news with Shopify while attaching a letter to fellow team members. This was followed by the news of the layoff and how difficult the decision was to make and put into words.
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Shopify (NYSE:SHOP)
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