Shopify's Trading Volume Hits 14.96 Billion, Ranks 73rd as AI Hiring Policy Sparks Debate

On April 8, 2025, Shopify's trading volume reached 14.96 billion, ranking 73rd in the day's stock market activity. Shopify (SHOP) shares fell by 2.19%.

Shopify, the e-commerce software giant, has issued a new memo stating that it will not hire new workers unless managers can prove that the job cannot be done by artificial intelligence. This policy shift is part of the company's broader strategy to integrate AI into its operations, aiming to keep the workforce lean and efficient.

Shopify's CEO, Tobi Lutke, has emphasized the importance of AI in the company's future. He expects employees to be proactive in using AI in their daily tasks and to demonstrate why certain jobs cannot be automated before requesting additional hires. This approach is in line with the company's recent cost-saving measures, which included significant workforce reductions in 2022 and 2023.

Lutke has also highlighted that AI acts as a multiplier, enabling employees to achieve 100 times their usual output with reflexive and brilliant usage. He has outlined his baseline expectation that employees should explore, learn, and use AI to assist in their roles, reflecting the company's commitment to leveraging technology for operational efficiency.