Shopify believers say payoff from early layoffs should start showing up in latest earnings

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 5 Managing Technology and Information, Part 6 Managing Financial Resources.

Description: Shopify Inc. was among the first technology giants to slash its workforce during last year’s market rout. Now, some investors say its stock is poised to outperform peers over the course of 2023 as those job cuts translate into lower costs, narrower losses and better cash flow.

Source: FinancialPost.com/Bloomberg.com

Date: Feb 14, 2023

Link: https://financialpost.com/investing/shopifys-tech-job-cuts-rebound-earnings-stock

Questions for discussion:

  • What is the basis for improved performance?
  • Do you think the firm can return to the growth-status it once enjoyed?
  • Is this an opportunity for investors to get back in or double-down?

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