The Scoop: July 26, 2022, 8:37:25 AM EDT – *Shopify to Lay Off 1,000 Workers, or 10% of Its Employees — CEO Memo – WSJ The story as it appeared on Dow Jones Newswires: The Details: Reporter Vipal Monga broke the news that Shopify Inc. [SHOP] was planning to cut roughly 1,000 workers, or 10% of its global workforce, rolling back a bet on e-commerce growth the technology company made during the pandemic. According to the Wall Street Journal report, the layoffs will take place across all units but most will occur in recruiting, support and sales. The Impact: Shares of Shopify fell in pre-market trading after the news was reported by Dow Jones Newswires. The story was cited by other news outlets.