Technology News Desk!! Shopify, a SaaS platform for online stores, has laid off around 30 per cent of its workforce, or around 60 employees. This is the company’s second layoff in about six months. Inc42 reports that the latest layoffs have affected employees in the sales team and accounts. As per the report, the retail tech platform shifted its focus to helping d2c brands grow and this was the reason for the layoffs. In 2021, the store had raised $12.4 million in its Pre-Series A round led by 640 Oxford Ventures. It had also raised $6 million in seed round from Matrix Partners India and Lightspeed India Partners. In the same year, the store partnered with domestic hyperlocal delivery platform Dunzo and e-commerce aggregation platform Shiprocket to integrate delivery across platforms for a seamless retail experience. Founded in 2020 by Sumit Shah and Subhash Chowdhary, Shopify is a comprehensive platform that provides end-to-end solutions ranging from inventory management, promotions, merchandising, payments and delivery to sellers across the country. In September last year, Dukaan partnered with ShareChat and Moz to enable merchants to promote their products through video and live content on ShareChat and Moz in collaboration with creators on their platforms.
–IANS
SKK/SKP