Sunday, August 10, 2025

Shopify Will Keep its Employees Working From Home Permanently

When the coronavirus pandemic first devastated the country, many non-essential businesses were forced to close their doors to the public, and instead set up their employees to work from home for the time being. As a result, many businesses that are renting space for their operations are now unable to make next month’s rent, causing the Prime Minister to remind commercial landlords to apply for the federal government’s rent relief program.

In his statement, Justin Trudeau gave a stern warning, implying that if the commercial landlords do not act now to alleviate some of financial hardships businesses are faced with, they may not have those businesses to rely on as a source of income in the future – given that a post-pandemic world could be much different. Turns out, the Prime Minister was not straying too far off into the abyss.

According to a recent Tweet put out by Shopify (TSX: SHOP) (NYSE: SHOP), the Canadian e-commerce company plans to keep its labour force working remotely – even after the pandemic is over. The company plans to keep its offices closed until 2021, and from thereafter will only have the truly necessary positions located in the office, while the remainder of the workforce will be stationed from their home permanently.

Shopify currently employs approximately 5,000 people, which were, prior to the pandemic, mostly stationed at the company’s headquarters in downtown Ottawa. Prior to the pandemic, Shopify had plans to open another office in Vancouver, but those plans may be put on hold for the time being.

Twitter had also recently announced it will be allowing their staff to work from home permanently if they so chose. It appears that this work-from-home trend is gaining quite a bit of traction, and it won’t be long until significantly more companies and businesses begin introducing such options to their employees.

Information for this briefing was found via CBC and Twitter. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Queensway PEA

Newmont Q2 Earnings: Setting The Tone For This Earnings Cycle

Highest Grade Antimony Mine in the World!? | James Atkinson – Antimony Resources

Recommended

Nova Scotia Bans Forest Access to Prevent Wildfires

Cardiol Therapeutics Releases Positive Topline Results From Phase II Clinical Trial

Related News

Has There Been A Fundamental Shift In US Real Estate? – The Daily Dive

Finishing off the Daily Dive for this week is first time guest Jeffrey Christian, Managing...

Friday, May 6, 2022, 01:30:00 PM

Canadian Housing Starts Slow in February Despite Record-High Real Estate Activity

Following a strong start in the first month of the year, housing starts fell by...

Monday, March 15, 2021, 04:19:00 PM

CIBC: Remote Work Trend Could Create Risks for Canadians Once Pandemic is Over

The Covid-19 pandemic has caused a significant shift in workplace dynamics for numerous Canadians, with...

Tuesday, January 26, 2021, 10:46:00 AM

Canadian Home Prices Have Fallen 20% Since The Peak, Sending Household Net Worth Plummeting

Canada’s real estate market continues to decline from last year’s peak, with sales levels falling...

Tuesday, September 20, 2022, 03:46:00 PM

US Builder Sentiment Remains High But Surging Costs Are Creating Major Risks

The ongoing boom in housing demand is keeping homebuilders busy, but soaring costs for construction...

Wednesday, May 19, 2021, 11:40:00 AM