The Globe and Mail reported on Thursday that Shopify Inc (SHOP.TO) has made adjustments to its remuneration packages, allowing employees more flexibility between cash and stock components.
According to the article, the modifications will be completely implemented in the second half of this year, beginning in July.
A Reuters request for comment was not immediately answered by Shopify.
According to the article, the changes were announced at a company town hall on Thursday afternoon and were designed to make salaries more competitive at a time when the e-commerce infrastructure firm’s stock has taken a beating.
Shopify’s New York-listed shares have dropped 65 percent from their peak in November last year as the business struggled to maintain the sales boom observed during the early days of the coronavirus outbreak as of Thursday’s close