Shopify CEO Says Most Staff Will Work from Home Permanently


Shopify CEO says “Office centricity is over" and joins a growing group to allow workers to "work from home" permanently.

On Thursday, the CEO of Shopify, a Canadian e-commerce firm with more than 5,000 employees and contractors worldwide, said that the firm’s offices will be closed till 2021 and most employees will work from home permanently after that, according to The Epoch Times.

“We will keep our offices closed until 2021 so that we can rework them for this new reality,” the founder of Shopify, Tobi Lutke said. “Office centricity is over.”

Shopify made this decision because of COVID-19 and the possible future impact on office spaces.

Like Shopify, Square and Twitter also allowed staff to work from home permanently, while many large manufacturing firms, including Bombardier, have brought back some of their employees gradually.

This year, Shopify’s stock has risen 117 percent because more customers have switched to online shopping. In comparison, the benchmark Canada stock index dropped by 13 percent. E-commerce companies have become popular among investors in this unprecedented time.

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Economics, Finance and Investing