Shopify added to its staff cuts in August, just one month after announcing it laid off about 1,000 employees in July. The e-commerce software giant let go of an additional 70 workers last month to further reduce costs, The Globe and Mail reported. Shopify had a net loss of $2.6 billion in the first six months of 2022, versus a $2 billion profit during the same period last year. Shopify CEO...
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TikTok CEO Expands Purview to Include ByteDance’s New App Lemon8
The Singapore-based CEO of TikTok, Shou Zi Chew, is getting a bigger job. TikTok’s Chinese parent company, ByteDance, is putting its newer social media app, Lemon8, under Chew’s supervision, according to a person with direct knowledge of the matter. The move appears to reflect ByteDance’s strategy of locating the heads of its global apps outside China, in an effort to defend...
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