Shopify cut 500 jobs while revenue grew 30% — and 31% of Canadian workers face similar AI exposure

A Yahoo Finance Canada report says that Shopify cut 500 jobs while its revenue grew 30%. The article's headline pairs those two figures with a third: 31% of Canadian workers face similar AI exposure. According to the report, the company's results highlight a potential trend in which the employment impact of AI may not show up as layoffs, but instead as flat headcount and fewer openings that affect new graduates. The figures appear together in the report's headline.

The report cites August 2026 data showing Canada's youth unemployment rate at 12.9%, compared with 6.4% overall. It also states that 31% of Canadian workers face similar AI exposure. The 12.9% and 6.4% figures are given for August 2026, and the headline pairs them with Shopify's 30% revenue growth and 500 job cuts.

The report frames the mechanism as flat headcount and fewer openings rather than as large-scale layoffs, and identifies new graduates as the group affected by the reduction in openings. Shopify's results, with 500 roles cut while revenue rose 30%, are presented as an illustration of the pattern rather than as an isolated case. The 31% exposure figure is described as applying to Canadian workers. The piece is published by Yahoo Finance Canada and describes the trend as potential, based on the figures cited.