Shopify salespeople exaggerated the value of deals they were closing in an apparent attempt to earn more commission, The Logic has learned. The sales fraud, which lasted more than a year, sparked an internal investigation that led to layoffs and a warning to staff who had faked sales numbers to own up or risk being found out and punished more severely, according to former staff and internal messages.
More details:
- https://www.tipranks.com/news/the-fly/shopify-fired-single-d...
- https://www.theglobeandmail.com/business/article-shopify-say...
Single digit were fired or admitted to it?
It is confusing.
Did this affect earnings?
Anyhow, the stock isn't suffering today.
Shopify salespeople exaggerated the value of deals they were closing in an apparent attempt to earn more commission, The Logic has learned. The sales fraud, which lasted more than a year, sparked an internal investigation that led to layoffs and a warning to staff who had faked sales numbers to own up or risk being found out and punished more severely, according to former staff and internal messages.