Shopify, suddenly worth $117 Billion, is one of the biggest Pandemic winners. Since they’re flush with cash, they are pulling out of their 170,000 Sq Ft. office in Ottawa, Canada.
Shopify signed a long-term lease for 18 floors covering 325,000 square feet of space in the building more than three years ago, saying the additional real estate could provide space for another 2,500 employees.
They are looking to sublet their office space till the end of their lease term in 2026. I doubt it makes sense to take on liability from a digital by default company when remote work is the new default.
Approximately 30 to 50 employees were laid off, according to multiple sources with knowledge of the company’s operations, who spoke to BetaKit on condition of anonymity.
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