Shippo, a shipping software company for e-commerce, has laid off approximately 20% of its workforce as part of its end-of-year planning. The decision, announced in late 2022, was driven by a significant shift in the macroeconomic environment over the preceding year, including slowed e-commerce growth. While the company remains well-capitalized and views shipping as mission-critical, it made this difficult move to adapt to the new conditions, ensure it can weather a potential recession, and continue making strategic investments. The layoffs affected a portion of its team, with the company encouraging other employers to reach out to its recruiting team to connect with the departing employees.
