Shopify Layoff: What Happened + 7 Actions to Take as an eCommerce Business Owner
Big news in the world of eCommerce. Shopify, the biggest eCommerce platform in the world, has announced it'll lay off around 10% of its global workforce. And its share price plummeted. Sounds scary… Does this mean you'll have to close your online store, sell your TV, and start living out of your car? No. Far from it. This isn't the end of days for dropshipping or Shopify. People are still buying online, and Shopify is still the best place to build your store. None of that changes because Shopify shares took a dip. And even though it's cutting costs in some areas, Shopify is investing in others. The eCommerce juggernaut just made a $100 million strategic investment in the e