7 ms·
0_o Why so many employees? In the context of the volume you do I don't see how you'd turn a profit with that many employees unless you get the tax credits other
by moyta 10y ago
0_o Why so many employees? In the context of the volume you do I don't see how you'd turn a profit with that many employees unless you get the tax credits other francophone software groups like Logivision get and more.
- kennywinker 10y agoFor context, shopify has pretty high monthly fees as well as taking a cut of sales. Last I saw they had over 200,000 shops, minimum $30/month (up to $300) means at LEAST $6 mil/month from monthly fees, plus some percentage of the 3.8 billion/quarter gross sales they process... whatever they get to keep after paying strip and the credit card companies. Even a half a percent means $19 million per quarter. So if you are a startup, growing fast, and bringing in well over $12mil/month... a lot of employees makes sense.
- sskddd 10y agoNot sure if you're joking, but if something happens that takes shopify out just 15 minutes you could pay for that entire room's annual salary.
- sxcurry 10y agoWhy all the hate on Shopify, from this and your other comment? They seem to be doing a pretty good job. Also, what does the "other francophone software groups" comment mean? Is Shopify francophone and what would that mean?
- FullMtlAlcoholc 10y agoAre you kidding? 10 minutes @ $260 K / minute would pay for everyone's salary in that room.