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Shopify offloads its logistics baggage

Shopify is finding that simpler is better after all. The Canadian e-commerce firm said on Thursday that it is cutting staff by 20% and selling its logistics arm to freight company Flexport in exchange for a 13% equity interest, to add to Shopify's existing small stake. Investors welcomed the move: Shares of the company led by Tobias Lütke shot up over 20% in morning trade. ....

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Ottawa software firm Rewind lays off more than 25% of staff – Ottawa Business Journal

Amid slowing revenue growth, local tech enterprise whose platform backs up data for Shopify merchants and other customers gave 37 of its 135 employees pink slips last week. ....

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