Shopify layoffs, on the record
Every job cut, severance charge and restructuring Shopify reported in its annual reports, 2015 to 2025, quoted from the filings. Headcount went from 1,048 to approximately 7,600.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2015 | 1,048 | December 31, 2015 |
| 10-K for 2024 | approximately 8,100 | December 31, 2024 |
| 10-K for 2025 | approximately 7,600 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryShopify reduced headcount by about 23% of employees in a 2023 workforce reduction, with severance costs incurred and paid in 2023.
Word for word“In May 2023, the Company reduced headcount by approximately 23 % of employees across the Company ("2023 Reduction in Workforce").” 10-K for 2024
Our summaryShopify recorded severance costs for the 2023 workforce reduction, split across sales and marketing, research and development, and general and administrative.
Word for word“The Company incurred and paid $ 148 million in total severance related costs in the year ended December 31, 2023.” 10-K for 2024
Our summaryShopify had severance costs for a 2022 workforce reduction.
Word for word“Additionally, in the year ended December 31, 2022, we had $30 million of severance related costs associated with the reduction in workforce with $11 million in sales and marketing, $8 million in research and development and $11 million in general and administrative.” 10-K for 2024
Our summaryShopify recorded impairment related costs on right-of-use assets and leasehold improvements for office spaces it stopped using.
Word for word“In the third quarter of 2023, we had $38 million of impairment related costs associated with right-of-use assets and leasehold improvements.” 10-K for 2024
Our summaryShopify recorded an impairment on the sales of its logistics businesses.
Word for word“Impairment on sales of Shopify's logistics businesses — 1,340 — Total operating expenses 3,397 4,933 3,576 Income (loss) from operations 1,075 (1,418) (822)” 10-K for 2024
Shopify has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Shopify’s annual reports (10-K for 2025, 10-K for 2024, 20-F for 2015) and the financial data it files with the SEC, as of 2026-02-11. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.