Shopify to Include up to 500 new jobs in Waterloo in coming years

alibhai/ October 20, 2017/ Corporate tech/ 0 comments

Shopify Inc. intends to include up to 500 jobs in Waterloo, Ont. Which will triple its workforce there during the next few years.

The Ottawa-based technology firm says it plans to add between 300 to 500 full-time positions to concentrate on growing its Shopify Plus platform, which supports the largest and most complex retailers.

Shopify says it’s also set to open an additional building in Waterloo by the first quarter of next year to adapt the workforce development.

The fast expanding online platform builder for small companies was founded in 2004 and has since increased to more than 1,900 employees, according to its 2016 annual report.

Its shares plunged earlier this month after it was targeted by U.S. short seller Andrew Left of Citron Research, who declared that the organization is conducting an overvalued get-rich-quick-scheme.

Shopify’s chief executive Tobias Lutke says he’ll push back against the brief seller’s allegations through the launch of the next financial outcomes.

Courtesy: The Globe And Mail

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