Shopify to allow staff to pick between cash and stock components – The Globe and Mail

(Reuters) – Canada’s Shopify Inc has launched modifications to its staff’ compensation packages, giving them extra flexibility between money and inventory elements, the Globe and Mail reported on Thursday.

The modifications will absolutely come into impact by the second half of this yr, beginning in July, in line with the report.

Shopify didn’t instantly reply to a Reuters request for remark.

The modifications had been disclosed at an organization city corridor on Thursday afternoon, the report mentioned, and had been geared toward making salaries extra aggressive at a time when the e-commerce infrastructure agency’s inventory has taken a beating.

As of Thursday’s shut, Shopify’s New York-listed shares had fallen 65% from their peak in November final yr, as the corporate struggles to take care of a gross sales surge seen in the course of the early days of the coronavirus pandemic.

(Reporting by Yuvraj Malik in Bengaluru; Enhancing by Shinjini Ganguli)