Canadian software company Shopify Inc. has announced that it will vacate its headquarters at 150 Elgin Street in Ottawa and move to an office tower on Laurier Avenue. The 170,000 square foot space served over 850 Shopify employees prior to the Covid-19 pandemic. In May, when the company announced its permanent shift to remote working, Brittany Forsyth, Shopify’s chief talent officer, said that despite the move to decentralized operations, the company wanted to continue to maintain its current and future “recruitment hubs.” On Shopify’s Q2 2020 financial call, CFO Amy Shapero said the company would “exit” some of its office locations, but did not specify which ones would be affected. A Shopify spokesperson later told Canadian startup news service BetaKit that it is “committed to retaining a physical presence” in every major city where it currently has offices, including Ottawa, Toronto, Waterloo, Montreal, Vancouver, New York City, San Francisco, Los Angeles, Stockholm, Vilnius and Berlin.
The company, which offers proprietary e-commerce software for small and medium-sized retailers, was founded in 2004 under the name Snowdevil by a group of friends around Tobias Lütke, who emigrated to Canada from Germany. A little later, the company was renamed Jaded Pixel. In 2006, it was again renamed, now to Shopify, and the Shopify platform went online. In August 2020, Shopify was traded on the New York Stock Exchange with a value of $110 billion due to the increasing demand as a result of the Covid-19 pandemic. Shopify currently generates 75 percent of sales in North America.
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