Tag: US ecommerce

Amazon Shutting Down Dozens of Warehouses in US, Shares Fall Over 25 Percent

September 5, 2022
Amazon FacilityAmazon shoppingBusiness & MarketsCompaniesMarketsTechTech NewsUSUS ecommerce
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E-commerce giant Amazon has decided to put a halt to some of its planned facilities in the United States, according to estimates by a consulting firm. Amazon has either shuttered or done away with plans to open 42 facilities in the country, totaling around 25 million square feet of usable space, MWPVL International Inc., which…

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‘I Got This Wrong’: Shopify Announces Major Layoffs

July 26, 2022
CanadaCanada Covid-19 pandemicLay OffsShopifyUS ecommerceWorld
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Canadian eCommerce company Shopify Inc. informed employees on July 26 that it is laying off about 1,000 workers, effectively immediately. “Shopify has to go through a reduction in workforce that will see about 10 percent leave by the end of the day,” said CEO and founder Tobi Lütke in the email, posted on the company’s…

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