As somebody mentioned, the stock price has jumped massively since the layoff announcement. Am I the only one who feels that something is seriously wrong with our society if hundreds of people losing their livelihoods is a reason for celebration for shareholders?
2 replies (most recent on top)
A lot of the survivors need to be looking around for an exit plan ... only a few weeks ago they were touting there would be no more layoffs.
https://www.bnnbloomberg.ca/no-cuts-coming-shopify-president-says-company-has-no-plans-for-another-layoff-1.1885289
Let me reframe this: Investors are happy because some hard choices were made now. The alternative would be Shopify eventually goes bankrupt and then everyone is out of a job.