I know layoffs are not good for employees, but sometimes a company needs to make tough decisions so that it can survive. What Shopify is doing right now is the only right move that is left and as sad as it is for some people, it will help the company reposition and continue to grow in the future. I'm among those who strengthened their positions after the layoffs announcement.
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I'm sure people who lost their livelihoods would agree with you.